$60m offer to Barrack

Contractor Al Barrack. (FP)

By Maria Bradshaw | Sun, September 23, 2012 - 12:08 AM

Government, which owes contractor Al Barrack in excess of $70 million, has made him an offer of $60 million.

The SUNDAY SUN was reliably informed that Government officials met with Barrack’s new attorney at law Douglas Trotman early last week to present the offer which has been approved by Cabinet.

The money is for the sale of the Warrens Complex, built by Barrack for the National Housing Corporation (NHC), and currently housing several Government departments. Under the agreement, the new owner will lease the building back to Government.

A source said Minister of Housing and Lands Michael Lashley led a team of officials during a meeting last Wednesday which was held at the Wildey law offices of Clarke, Gittens and Farmer and chaired by attorney at law Stephen Farmer.

Please read the full story in today’s SUNDAY SUN, or in the eNATION edition.

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Posted by Orange Peel 8 months, 4 weeks ago: I wonder when are they going to pay him the balance, or are they operating just like the former Prime Minister who offered him $45m but did not state when the balance will be paid.If you file income tax returns late there is a late fee of $500.00 charged but when they pay you late no interest is paid. Is it that only the government can owe you and get away with it?

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Posted by Billy Boscoe 8 months, 4 weeks ago: Just pay the brother his money in full. It seems to me that Caucasian contractors are paid without any wranglings. Having said that, Contractors beware: collect you money from the government in stages, BEFORE you start that particular stage!

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Posted by Frank Husbands 8 months, 4 weeks ago: He now know to get rid of that last Attorney that was connected to the last administration,the same one that done him in.If he had accepted the last PM offer he would have all the cash by now. Instead he now has to wait until a building is sold in these hard real estate times.

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Posted by John Da Silva 8 months, 4 weeks ago: Do anyone know what this building will end up costing the taxpayers when you factor in what was paid to Barak originally, what was paid to the contractor to finish the building, the $60 million that is being offered to Barak, the lease payments, the lawyers fees etc?

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Posted by Carl Harper 8 months, 4 weeks ago: Here's some free advice on how to negotiate the payout, Mr Barrack. First accept that you will not get every cent that is owed to you. Only $10 million separate both parties. Make Government a counter offer for $65 million, plus the parcel of land, and consider the matter closed. Hopefully, both you and Government will "go home" with your egos intact - a win-win situation - for in business as in life you do not get what you deserve, you get what you negotiate.