Sarkis izmirlian biography for kids

A landmark ruling in a New York State Supreme Court, awarded a whopping $1.6 billion to Sarkis Izmirlian, the original developer of the Baha Mar resort in the Bahamas after nearly seven years of wrangling with China Construction America’s (CCA), alleging fraud and breaches in a completion date that caused him to file Chapter 11 bankruptcy, losing control of the $3.5 billion resort.

Here’s what to know:

Who is Sarkis Izmirlian?

Sarkis Izmirlian is a businessman who was the original developer and driving force behind the Baha Mar resort, a project he envisioned over two decades ago.

The resort was to revitalize Cable Beach on New Providence, the beachfront area of the island, becoming a direct competition to Atlantis Resort over Paradise Island.

Izmirlian is from a wealthy family and was a resident of Lyford Cay.

His father was a Swiss-based Armenian peanut tycoon named Dikran Izmirlian. His company built a large interest in the Gambian peanut market.

Izmirlian’s family i