The Five Star Buccament Bay Resort is expected to be re-opened by the summer of 2018.
Speaking on radio Thursday 28th December, Prime Minister Dr Ralph Gonsalves said after the end of the first quarter the government should have a clear idea as to the way forward.
“I have been talking to Brian Glasgow who is the trustee in Bankruptcy, from KPMG an auditing firm, hopefully, we should have everything together so at least there could be a soft opening for the summer”.
Gonsalves said there are at least three groups who are interested, they can be up and running in two months.
However, he says that the inspectors have not approved as yet who they will allow to take over, but that will be done in the next couple of weeks.
Minister of Tourism, Cecil “Ces” McKie had told Parliament in October that the resort had 80 percent occupancy right up to its closure.
He further stated that the closure of the resort had impacted the tourism sector negatively, particularly from the United Kingdom.
Buccament resort was closed in December 2016 after its electricity was disconnected, at that time principal owner of the resort Dave Ames said the closure was temporary.