Advertisement
JIS News

Story Highlights

  • Prime Minister, the Most Hon. Portia Simpson Miller, says the National Housing Trust (NHT) has not purchased the tourist attraction known as Outameni Experience, in Trelawny.
  • The Prime Minister was responding to questions posed by Leader of the Opposition, Andrew Holness, on the purchase of the property by the NHT, in the House of Representatives, on November 11.
  • She noted further that the NHT has not aquired the business assets, goodwill or brand associated with Outameni Experience, save and except for a standby generator, a fuel tank and office furniture.

Prime Minister, the Most Hon. Portia Simpson Miller, says the National Housing Trust (NHT) has not purchased the tourist attraction known as Outameni Experience, in Trelawny.

“The Board has advised me that the decision to purchase the property at Orange Grove in Trelawny, and not the attraction known as Outameni Experience, was firmly grounded in the National Housing Trust Act of 1979,” Mrs. Simpson Miller said.

The Prime Minister was responding to questions posed by Leader of the Opposition, Andrew Holness, on the purchase of the property by the NHT, in the House of Representatives, on November 11.

She noted further that the NHT has not aquired the business assets, goodwill or brand associated with Outameni Experience, save and except for a standby generator, a fuel tank and office furniture.

Mrs. Simpson Miller said she was informed that the Board of the NHT is exploring the possibility of acquiring and operating the investment as an educational, cultural, heritage and tourist attraction.

“I have instructed that they should explore ways of using the property for social and physical infrastructure to enhance the quality of life and for the enjoyment of NHT contributors, Jamaicans and visitors. I have also instructed that the NHT looks at the tourism potential in the area and examine ways to maximize the returns on this investment,” she said.

She pointed out that the Auditor General has advised of her intention to conduct further auditing of the transaction.

Meanwhile, Mrs. Simpson Miller said a feasibility study will be done in respect of the business known as Outameni Experience, which the NHT has not purchased.

She informed that before the property was purchased there was thorough inspection and evaluation, noting that the original market value was $311 million; however, the NHT initiated its evaluation and that came out at $280 million.

“The property and the property alone was acquired for $180 million. This represents about 61 per cent of the average market value and a discount of $40 million on the forced sale value,” Mrs. Simpson Miller said.

She reiterated that the Orange Grove property and not the Tourist Attraction known as Outameni Experience, was purchased by the NHT from Capital and Credit Merchant Bank for $180 million.

Skip to content