Sat | Dec 10, 2016

NHT board members standing by Outameni purchase

Published:Monday | November 10, 2014 | 10:23 PM

Damion Mitchell, Editor - Radio & Online



KINGSTON, Jamaica:

The Board of the National Housing Trust (NHT) has affirmed its decision to purchase the Outameni property in Trelawny for some $180 million.




Board members today held a more-than-six-hour meeting to review the acquisition and the laws governing the Trust and board member, Percival LaTouche, said they emerged in one accord.



"We did not make any mistake, we have done our job and will go down in history as maybe the best buy that we have ever made in the housing trust," said LaTouche.



LaTouche said during the meeting, the real focus was on reviewing the decision to acquire the Trelawny property at a cost of $180 million.



He said little or no emphasis was placed on the criticisms from the Opposition and members of the public about the purchase.



According to LaTouche, politics seems to at play.



"It's the silly season," LaTouche said.



He said the purchase is a sound investment in the interest of providing social and physical infrastructure consistent with the laws governing the Trust.



Several civil society groups have called for the board of the NHT to resign over its decision to purchase the ailing tourist attraction claiming it is outside of the mandate of the Trust.



Although the NHT will be buying the Trelawny property for $180 million, it is expected to spend $111 million to upgrade it.



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