Baha Mar Founder Said to Offer Funding to Prevent Liquidation

  • Work on $3.5 billion resort has been stalled since April
  • Sarkis Izmirlian has sunk $850 million into Bahamas project

Sarkis Izmirlian, who spent 13 years developing the $3.5 billion Baha Mar golf and casino resort in the Bahamas, has offered additional investments, including short-term funding, to prevent a full-blown liquidation, according to a person familiar with the situation.

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