St. Lucia Prime Minister faces ultimatum in CBI resort project

CASTRIES, St. Lucia–After admitting in April that a planned 180-room Ritz Carlton resort development in St. Lucia’s Black Bay had been delayed due to “administrative difficulties,” St. Lucia’s Prime Minister Allen Chastanet must now return tens of millions of dollars invested by the developer or face a massive lawsuit.

“It was all our responsibility. I take full responsibility for it, but I believe that we’re well on the way to turning this thing around and being able to recommence this project,” Chastanet said, adding that he hoped to re-engage the developers, Range Developments, in July to “re-start the project.”
According to Chastanet, a discount in the financial contribution required for the St. Lucia citizenship by investment (CBI) programme, as well as inadequate…

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