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China's Caribbean plans muddled by delays in US$3.5b Baha Mar resort

Resort misses peak travel season as disputes between builder China Construction America and Izmirlian family become a public sparring match
Tuesday, May 5, 2015 - 05:50
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Chinese workers on the site of the Baha Mar luxury resort in Nassau, The Bahamas. For China, Baha Mar was a potential showpiece, a calling card as it set out to expand into the Americas with mega-resorts and massive construction projects.

Santo Domingo, Dominican Republic

THE US$3.5 billion Baha Mar luxury resort in The Bahamas, long a dream of the Swiss-Bahamian Izmirlian family, was nearly a victim of the Great Recession when investors started pulling out in 2008. Then China came calling.

Thanks to a US$2.4