Mon | Feb 17, 2020

More to Puerto Seco deal than $13,000 lease

Published:Tuesday | August 7, 2018 | 12:00 AM


While I agree with the insightfully and intellectually sharp Dr Carolyn Cooper, that, the Government of Jamaica should charge the Guardsman Group a fee more realistic than the current annual lease fee of J$13,000, there are some important factors that, for whatever reason, she failed to point out.

Had the Government opted to invest in the beach, as she alluded to in her article, and, done so at the significant financial level the Guardsman Group has, to date, invested in Puerto Seco, billions of dollars in taxpayer funds would have been tied up, for several years. Those monies would, therefore, have not been readily available to fund more far-reaching, important, and pressing social, economic, and cultural concerns.

Dr Cooper also failed to point out the dozens or scores of jobs that the huge investment made in PS beach, by the Guardsman Group, has and will continue to create. Last, but not least, Dr Cooper, either wittingly or unwittingly, did not point out that a portion of the current and projected healthy annual beach revenue, generated from paying entrants to the beach, will bolster GOJ coffers, over the life of the lease, via taxes.

Patrick Gallimore