The previous article examined the clauses of the Tobago Sandals MoU and I took the position that those provisions were entirely in favour of Sandals, which was investing none of the capital. What is more, the MoU offers unspecified incentives and exemptions to Sandals, as well as a free hand in terms of purchasing and employment. Incredible, but true. This is where we are.

This article will examine the MoU further, starting with the question of just why was it released at this advanced stage after 9 months of claiming that its contents were secret and that disclosure would damage the ongoing negotiations.

It could be that the Cabinet, acting in the public interest and in the face of my litigation, decided to release the MoU as a tangible show of transparency. On the other hand, it could be that the ongoing negotiations have now settled to the point that the release of the MoU was literally immaterial to the desired outcome. That second version seems to me to be the more likely one, given the mid-December date disclosed for signing the real contracts. If that is really the case, we are witness to a sobering moment in terms of the implications of this Public Private Partnership. Continue reading “Property Matters – Tobago Sandals MoU, part two” →