Government plan to repeal the 2008 Act that gave Carl Bazarian the right to build on the former Club Med site in St George’s, and make the land available for another developer.The former PLP government’s agreement with Mr Bazarian, which gave the developer a 262-year lease on the site, was cemented through the Park Hyatt Resort (St George’s) Act 2008.And while the lease and agreement was subsequently terminated prior to the One Bermuda Alliance sweeping to power in December last year, the Act must be repealed by Parliament before any other use of the land can be considered.St George’s Mayor, Garth Rothwell, welcomed the announcement in yesterday’s Throne Speech, and said a new hotel would help bring the East End the economic regeneration it desperately needs.“This is good news to hear and we are certainly pleased that action has finally been taken,” said Mayor Rothwell. “We seem to have been stalled on this initiative for far too long and we look forward to something positive coming out of it that will be implemented.“St George’s is still desperately in need of an economic revival and a new hotel will definitely help change that.” Stuart Hayward, the president of the Bermuda Environmental Sustainability Taskforce, who campaigned long and hard to have the agreement with Mr Bazarian terminated was also pleased to hear of the planned repeal. However, pointing to the 262-year lease and the equally controversial 125-year lease handed to hotelier John Jefferies for Coco Reef, he issued a note of caution to the Government regarding any new agreement.“We look forward to assisting in any way we can to facilitate economic improvements for Bermuda’s economy and St George’s,” said Mr Hayward. “[But] several of our members are concerned about long leases because they put a property totally out of Bermudian hands and it’s just not right.“Prime property should be leased for a reasonable period of time. It used to be a general term of 99 years so that in a generation or two, the property would come back into Bermuda’s hands.”As for the prospects of finding another developer, Mr Hayward said: “I’m always optimistic because Bermuda has some extraordinary selling points.“With the added attention being given through the new tourism agencies, there’s a better chance of finding a new developer.”