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Private sector to lease historic buildings

NATASHA BECKLES, [email protected]

Private sector to lease historic buildings

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THE BARBADOS GOVERNMENT  is turning to the private sector to help it upgrade a number of its troubled buildings in the World Heritage property area, Historic Bridgetown and its Garrison.
According to Prime Minister Freundel Stuart, some of these buildings, which are in need of repairs, are to be leased to the private sector at minimal cost for 20 to 25 years.
As part of the agreement, within a specified time period the people in charge of the buildings would be required to bring them back into “an economic use”. Afterwards, the buildings would be returned to the Government at a peppercorn rate.
Prime Minister Stuart made the comments this morning while addressing Caribbean Urban Forum 2014, a three-day conference and exhibition at  Accra Beach Hotel, bringing together land use practitioners, policy makers, academics and allied professionals interested in urban and land management issues. (TY)