Monday, April 22, 2024

Hardball paying off for BIDC

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WHEN IT COMES to delinquent tenants, the Barbados Investment and Development Corporation (BIDC) has been playing hardball of late.

The country’s leading industrial estates landlord was faced with a massive amount of unpaid rent up to 2015, but according to chief executive officer Sonja Trotman, that is now changing, as the Government agency goes all out to return to the black. sonja-trotman

“We have been able to collect our rents a lot better in the last year. The way we have been able to do that is by better policing who owes us, and taking serious action when necessary,” the CEO told the SUNDAY SUN.

In April last year, the BIDC was owed a whopping $11 million by delinquent clients, forcing it to take certain measures. The agency has just under 200 clients in total.

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

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