Lee Chin Says He’d Walk Away From Rooms on the Beach Deal


Chairman of the Economic Growth Council, EGC, Michael  Lee Chin, is raising concerns about speculations surrounding foreign investor, Puerto Caribe Properties Limited.

Puerto Caribe is the investment firm that negotiated with the government for the sale of the St Ann-based Rooms on the Beach property.

Former Contractor General, Dirk Harrison, who investigated the deal, called the sale an insult to the people of Jamaica, noting that the property was sold for US-6 million dollars less than the maximum valuation price.

In a media report last week, the attorney representing Puerto Caribe, Hugh Hart, warned that the company, could walk away from the US7.2-million dollar deal and its planned multi-billion dollar investment in Jamaica.

According to Mr. Hart, if there is any suggestion the company had anything to do with a shady deal, then it won’t remain at the helm of the project. 

Mr Lee Chin says he would have walked away from the deal.

Michael Lee Chin, Chairman of the Economic Growth Council, speaking this afternoon at the council’s media conference.

According to Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz, if the firm breaches the contract, the property will return to the government at the same price it was sold.

Stevian Simmonds is an investigative journalist with almost 3 years of experience in radio broadcasting, production and reporting. She graduated from Caribbean School of Media and Communication in 2014 and joined Nationwide News in 2016. In 2018, she produced a special report examining the working conditions of the Bussiness Process Outsourcing Industry. She worked undercover as a call center agent for a month, revealing the lack of data protection and general security infrastructure in the industry. Her report also highlighted the poor working conditions and remuneration faced by workers in the industry. In 2018, Stevian traveled to New Delhi India where she participated in the Inaugural WHO Partners Forum benefiting from critical training related to reporting on women’s and children’s health issues.

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