Bahamas Supreme Court rejects DevCO lease forfeiture bid, clears path for Port Lucaya Marina redevelopment

The Bahamas Supreme Court dismissed Grand Bahama Development Company's (DevCO) application for a lease forfeiture order against Port Lucaya Marina, removing a legal barrier to the marina's redevelopment. The ruling preserves the current lessee's control and allows the redevelopment project to proceed, though DevCO may appeal. This is a notable legal development in a commercial property dispute with implications for Grand Bahama's tourism infrastructure.