Knight Rejects ‘Sweetheart Deal’ Label of Oceana Sale

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Former Chairman of the Urban Development Corporation, UDC, Senator KD Knight, is rejecting suggestions by Mr. Shaw that the agency’s recent multi-million dollar sale of the Oceana Hotel may be tantamount to a sweetheart deal

Senator Knight is also objecting to comments made recently in the Jamaica Gleaner newspaper regarding the sale.

Finance Minister Shaw raised questions about the UDC’s sale of the Oceana Hotel while he closed the budget debate last week.

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Mr.Shaw described the sale as ‘slackness’.

The Finance Minister further questioned whether the sale was “good value for the Jamaican people, government mismanagement at its peak, or was it a sweetheart deal ?”

KD Knight was UDC Chairman at the time of the hotel sale.

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Senator Knight says the Gleaner newspaper is off the mark in its suggestions today that the sale of the Oceana Hotel was a sweetheart deal.

He says as far as the UDC is concerned it got the best available price for the property.

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Abka Fitz-Henley is a multiple award-winning journalist who is currently the Senior Reporter at Nationwide News Network (NNN). His primary areas of focus are Court, Crime and Parliamentary proceedings. Fitz-Henley was recently recognized in the regional celebrity magazine publication Panache as “The Breaking News Boss”. At 21 years of age, following his 1st year in media, Fitz-Henley was recognized with the Young Journalist of the year award from The Press Association of Jamaica and went on to cop one of the country’s highest recognized journalism prizes, the Journalist of the Year Award. He’s also been awarded the prestigious Corporate Jamaica Broilers Fairplay 1st place Award for investigative journalism and is the recipient of the Caribbean Blog Award for coverage of the infamous Kartel murder trial. Fitz-Henley is also the recipient of the PM Youth Award for Excellence. Over the years, he has appeared as a guest on the BBC World Service and BBC London.