The defunct 9 Beaches resort at the West End was vacated by its would-be developer, IRC Sandys, on May 5, according to Craig Cannonier, the Minister of Public Works.

A payment plan for monies owed is “ongoing” in the courts, Mr Cannonier said. A judgment has been settled on the principal debt, and Mr Cannonier said he could bring a figure including the interest, tabulated at 7 per cent, to the House of Assembly at a later date.

“The figure is constantly changing,” Mr Cannonier said.

Tenants remain on the property, which was turned over to the Bermuda Land Development Corporation, but no rents are being paid to the quango. The minister said a court date had been set for August, and that IRC “should not have sublet” the 9 Beaches property.

Asked by Walter Roban of the Progressive Labour Party how BLDC planned to deal with the tenants, Mr Cannonier maintained that nothing could be settled until a ruling had been made by the courts.

“We have no agreement with the tenants at all,” Mr Cannonier said. “They should not have been there in the first place.”