Over $500,000 Raised From Auctions At Buccament Resort

Over half million Eastern Caribbean dollars has been generated from the auctioning of inventory of the Buccament Bay Resort.

Minister of Finance Hon. Camillo Gonsalves says the sale of items so far has generated $510,000.

The St. Vincent and the Grenadines government facilitated a series of agreements and transactions that led to the property housing the former Buccament Bay resort being purchased by Sandals resorts International.

As a result, the Government is currently disposing of the former Buccament Bay resort inventory by auction and by sale.

Additional inventory is expected to be sold this weekend.

The money made from the auctions is expected to be divided among the workers that were employed at the resort at the time of its closing.

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