Tuesday, 9 October 2012

Nygard Faces Hefty Fine

In the ongoing battle between two mega rich neighbors in the illustrious Lyford Cay community in the Bahamas, it seems money and coercion won this time.

Peter Nygard
Louis Bacon and Peter Nygard can't seem to get along and have been engaged in a long court battle concerning the piece of land between  them - the land which they should share and utilize as a common access route to their properties.

Nygard owns the world-reknown  Nygard Cay, the home of what was an architectural masterpiece - a Mayan-themed home filled with surprises, which gained it popularity on the Oprah show and Lifestyles of the Rich and Famous.   The home suffered a devastating fire back in 2011, when the two neighbors were deeply locked in the land war.  Media reports told of a barge being seen drifting in shallow waters off the coast of Nygard Cay just before the fire, but to date, the investigation remains inconclusive.  The Free National Movement Government did not grant Nygard a license to rebuild his home, despite his proposal to hire 300 Bahamians over 3 years and inject $20 million into the project.
Louis Bacon

It was suspected that Bacon's close relationship with the then Environment Minister Earl Deveaux may have had something to do with the cold shoulder to the project's application.  Media reports also exhibited concern for the blind eye that authorities seemed to pay to a myriad of suspicious events at Bacon's Point house home, which is now up for sale to the tune of $35 million.  Strange events at Point House include the discovery of two dead bodies, both found floating in water; the seizure of a pair of high grade military speaker weapons which Bacon's attorney admitted was used to harm Nygard; and the shocking police discovery of at least ten guns left in open view and access throughout Point House.


It has long been suspected that the long dollars that Bacon seems to use to influence decisions in his favor have gotten him out of many a scathing incident.  In the latest turn of events, Supreme Court Justice Stephen Isaacs has ruled against Nygard, finding him guilty of contempt of court on Monday.

He has to pay a $50,000 fine within the next 14 days or he will have to spend 14 days in jail.  Point House Corporation sought to have Nygard committed to prison for failing to remove the words "To Nygard Cay" from the roadway.

It seems like a petty proposition, and two neighbors should be able to agree on signage that assists their visitors.   But in this case, the Lyford Cay Property Owners Association didn't get involved, and now the courts have top deal with the matter.  it is known that prior to Bacon purchasing Point House, the access way to Nygard Cay was easily apparent to any visitor.  Press members themselves have visited Nygard Cay for the many press conferences that were hosted there over the years, as Nygard supports several worthy national sporting organizations and causes.  Today, if one visits the area, Nygard's complaint is apparent.  The roadway has been changed, which leads to confusion for the visitor.  The sign seems absolutely necessary for finding the now small entry route to Nygard Cay.   Nygard had complained about his new neighbor's construction process, which results in a pool of water settling at his entrance during the rainy season.

These facts have led many to question if indeed the decision was fair, but it seems paying the fine would be cheaper than to drop the rest of the cases because the apparent bully has won this time.


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