Baha Mar to Have Little Impact on Costs

Despite projections recently made by a leading consultancy that construction costs could spike due to the rise of Baha Mar, the president of the Bahamian Contractors’ Association (BCA) believes that prices will remain high – and that has nothing to do with the mega resort. Stephen Wrinkle told Guardian Business the nature of the development  means very little should change on the construction landscape. “If you recall, Atlantis started their major push when we had a housing boom going on back in 2005 and 2006. At that time, there was also a general construction boom. But now you have got the situation with Baha Mar where there is minimal construction going on outside of it.” Wrinkle said. This is why he feels Baha Mar’s construction is not going to play as significant a role as Atlantis did to the overall cost of construction. Excerpt taken from The Nassau Guardian, January 18, 2012…