BP is learning A major brand set to be announced shortly!!!
Miami, Florida – [February 23, 2026] Concord Wilshire Group categorically refutes an earlier report by Eyewitness News suggesting that the proposed $120 million acquisition and redevelopment of the Grand Lucayan Resort has “collapsed” or has been “dead for about four months.” These assertions are false and without factual basis.
Concord Wilshire Group confirms that it continues to work collaboratively and constructively with the Government of The Bahamas toward the redevelopment of the Grand
Lucayan property. Discussions remain active, productive, and aligned with the shared objective of revitalizing this critical asset for the benefit of Grand Bahama and the broader Bahamian economy.
“We want to be very clear: the redevelopment of the Grand Lucayan Resort is moving forward,” said Richard Bosworth, CEO of Lucayan Reosrt, Concord Wilshire Group.
“Reports suggesting otherwise are inaccurate and misleading. Concord Wilshire remains fully committed to this project and to our partnership with the Government of The Bahamas.
Further, Concord Wilshire appreciates The OQice of the Prime Minister clarification earlier today in disputing the inaccurate and false statements of Eyewitness News Bahamas.
Concord Wilshire further confirms that within the next two weeks, the company will announce the formal commencement of development and construction activities including:
- Two major cruise line destination resorts; and
- The oQicial start date for site demolition and preparatory construction works .
“Our team has continued to advance planning, design coordination, capital
structuring, and development scheduling,” Bosworth added. “We are entering the
execution phase and look forward to making a comprehensive announcement shortly
that will outline the construction timeline and project milestones.”
The redevelopment of the Grand Lucayan property represents a transformational investment
for Grand Bahama, including substantial job creation, increased tourism activity, and longterm economic impact
