The Nation reported that Chefette at Holetown has been sold to an undisclosed principal, rumoured to be a British-owned investment firm. The sale price is also a secret, but sources place it at “$40 million plus”. There are several pros and cons in this sale.
Cons - The Bad News First
There is close to 100% probability that beachfront access will be restricted even further. This goes against Barbadian tradition, but it is happening all over the island.
The sale of Barbadian land to non-nationals appears to be continuing, but it still brings prosperity to at least some Barbadians. With land prices obviously booming, this makes land even less affordable for most Barbadians.
Construction of more high-density residences cannot be good for the dire traffic situation on the West Coast.
And Now The Good News
There will be no loss of jobs in Chefette - we applaud the owners for this pledge. And Chefette will have more funds to expand elsewhere. Friends all over the world appreciate Chefette’s tasty food and informal atmosphere, not to mention the reasonable prices.
There should be more jobs for Barbadians in the construction of condominiums on the Gold Coast. But will they last in the long-term, and is such development beneficial in any other way?
Will Details of the Sale Ever be Registered?
There were high hopes of transparency and integrity under the new DLP government. But they have their work cut out for them. It will not be easy to “clean house” all over the nation and do away with this practice of having some public documents continually unavailable to the public. There are several documents that come to mind, not just the Chefette sale!
Barbados Free Press mentions this apparent lack of transparency, and also questions whether proper planning permission procedures have been followed. Barbados Underground deplores the spoiling of Barbados’ beautiful beaches with ugly buildings. Unfortunately both ugly and pretty condos will mean more garbage and sewage… not a great future for the beaches either.
15 users commented in " $40 million for 80,000 square feet in Barbados? "
Follow-up comment rss or Leave a TrackbackNonsense.
“Barbados Underground deplores the spoiling of Barbados’ beautiful beaches with ugly buildings. Unfortunately both ugly and pretty condos will mean more garbage and sewage… not a great future for the beaches either.”
How can the building be ugly when no-one has seen what it will look like?
How does a condo generate more garbage and sewage than a restaurant?
Have you taken your pills lately?
Or have you just taken leave of your senses?
Mr. Blah:
You think garbage and sewage won’t increase? There will be hundreds of new residents in the area living in high-rises on the sea. And several bigger restaurants will pop up nearby. Wait and see. Chefette has already stated that they will expand.
Does anybody think a high-rise blocking beach access will be pretty? Maybe the investors.
Tree-Hugger,
Your name tells us everything we need to know. It says you are a fool.
Who said it will block beach access?
Go and hug a tree, you idiot!
Dr. Chase,
Your name tells me that you may be an OB-GYN with special trining in breast-feeding (many tree-huggers whole-heartedly appreciate that). If you are indeed that Dr. Chase, I respectfully submit that your qualifications as a high-rise analyst would mainly reside in your ability to participate in the financial benefits.
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The point obviously is given the cluttered state of our coastline any condo which is built that blocks the few spaces to the see can be described as UGLY.
Admin please note that you are using the proxy URL in the links to BU and BFP for this story and that will stop pinging.
At long last you can see what is happening to your island. There will be nothing left for the bajans. Soon there will be one big blot over the whole coast line of all inclusive horriblus buildings owned by foreigns paying pathetic poverty line wages to local people and millions of sharks on 2 legs working the beach trying to make a life.
Actually, the Nation News didn’t break this story at all. It was broken on the West Coast Blog - http://barbadoswestcoast.blogspot.com/2008/02/bye-bye-chefette-holetown.html and TripAdvisor.com almost six weeks prior to the Nation News story. Let’s not be too quick to bigup the laugh-out-loud “journalists” at The Nation.
Thanks for the correction.
Interesting blog! Very useful for visitors. It is amazing that you can get airfare and a week’s accommodation in Barbados for US$329! Plus a $100 debit card!
http://www.cheapcaribbean.com/attractions.jsp?attID=205&WT.mc_id=google&gclid=CPizncrdxpICFQYNswodt3uZbg
On the other hand, if you are well-heeled, you can spend US$764 for one night in a Port Charles Villa. ($1,100 in the high season!)
http://www.caribbeandays.com/villa.aspx?vid=741
(BU ran an article on the economics of this promotion - “The Best of Barbados”.
http://bajan.wordpress.com/2008/02/28/the-economics-of-the-best-of-barbados-programme/
)
Unfortunately, I take violent threats seriously, and I will not be taking advantage of this US$329 “Best of Barbados” offer!
hy, Give something to help those hungry people from Africa and India,
I added this blog about them:
at http://tinyurl.com/6bz6t7
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