Privy Council Halts Paradise Island Resort | Bahamas News

Bahamas News Today | 2 Min News | The Daily News Now! · Aug 20, 2026 · 1m

The Privy Council just dealt a major blow to Platinum Properties, ruling there was never a valid lease agreement for their Paradise Island resort project — effectively stripping them of the right to build there. The government, long fighting this battle, won decisively, with the court finding no binding contract ever existed. Platinum’s future plans are now uncertain as they likely prepare to appeal, while the government celebrates its legal victory and prepares to unveil its own vision for the land — keeping details tight for now. The resort project is officially on ice, and power has…