The recent and very public dispute involving the management of Port Lucaya Marketplace (Bourbon Street Limited) and LDV Limited, owned by Rick Hayward, is but another blight on the face of Grand Bahama.
The dispute appears to be regarding the late payment of rent for three restaurant spaces at Port Lucaya Marketplace, the waterside shopping centre that has become the de facto hub of retail commerce and entertainment in Freeport.
The three restaurants, La Dolce Vita, EAST, and The Pub at Port Lucaya (in the space formerly occupied by ‘Pussers’), are operated by Mr Hayward (son of Sir Jack Hayward), who has asserted that he has been a tenant for 22 years and has paid out more than $3.5 million in rent during that time.
According to court documents and legal papers filed, and subsequently reviewed by this writer, the landlord charges that Mr Hayward has failed to pay rent for those locations for the past ten months, and is in arrears just shy of $230,000.
Last week, the staff of the these businesses arrived to commence work to discover the doors locked and a noticed posted to advise that the landlord had exercised its right to control access due to the overdue sum and that it could further repossess the goods to recover any losses or expenses.
As a result, at least 75 Grand Bahama residents are out of work; while Mr Hayward has promised to continue to pay the workers while the problem is addressed, at the very least the future employment of these workers—and the livelihood of their families—are in jeopardy.