Stake Bank is the other cruise terminal in development - and King probably won't be in line to get that job because developer Mike Feinstein already has his own security company. But, like NCL - work on the Stake Bank project hasn't started yet. Feinstein says he has financing in place, and both houses passed the Stake Banks Cruise Docking Facility Development Bill with bi-partisan support. So what's the delay? Well…it's complicated. The Prime Minister explained:...
Hon. Dean Barrow - Prime Minister of Belize
"Our advice is that the agreement the last government with Fort Street Tourism Village means that they would have to agree to the designation of Stake Bank as a port in the Belize District. Stake Bank's attorneys say that's not their read of the situation, but we have to go by our advice and so we are saying to Stake Bank well either get Fort Street Tourism Village to say they have no objection or give the government of Belize an indemnity so that once we proceed to green light you, if there are any lawsuits brought against us by Fort Street and there is any liability for against the government, you Stake Bank will have to absorb it."
Jules Vasquez
"I thought that the parliament was supreme. I though the bill declared it a port."
Hon. Dean Barrow - Prime Minister of Belize
"The commencement hasn't been brought into effect."
Jules Vasquez
"However it has passed the House and Senate?"
Hon. Dean Barrow - Prime Minister of Belize
"And that's precisely why we haven't brought it into effect. We are all set, but we need to clear up the outstanding issues."
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