Bailout ‘bad idea’

Don’t bail out Four Seasons with public funds.
That’s the warning from the managing director of one of Barbados’ leading real estate companies, Andrew Mallalieu.
The Terra Caribbean executive said yesterday that if the National Insurance Scheme’s (NIS) $60 million investment in the stalled Four Seasons project turned out to be a bailout, it would be a mistake by the Government and could affect the island’s real estate sector.
He, however, described the West Coast project as “an excellent” investment, in need of a suitable enabling environment that would allow developers to source the requisite finances.
Read the full story in today’s WEEKEND NATION.