The future of the lease for the Sandys property on which the resort 9 Beaches sits is in question, with a spokesman for landlords Bermuda Land Development Corporation (BLDC) stating: “Currently the BLDC board has taken this matter under legal advisement.”

Bermuda Tourism Authority (BTA) chairman David Dodwell is the president of IRC Sandys Ltd, the company which holds the lease for the property.

The resort development, which is described as eco friendly and is notable for its guest cottages which sit on stilts, some of which are located over the water, has been closed for about five years. The owners announced in 2010 that it would undergo a $60 million renovation.

Mr Dodwell said yesterday: “The investment group is continuing to work on the development process.”

He said: “Talks (with BLDC) have been ongoing for some time, and that’s all we can say for now. It would be wise not to make further comment until next steps are solidified.”

The BLDC spokesman and Mr Dodwell gave the statements in response to questions about the status of the lease for the property.

Both Mr Dodwell and the BLDC spokesman would not comment on the question of whether money was owed to the Government in respect of the property.

The BLDC spokesman said a statement will be forthcoming in due course.