Albert Barbusci and Barry Sheehy, the men behind Sydney Harbour Investment Partners (SHIP) and Novaporte, the Sydney harbor container port project, have splashed out on a new website and what a glossy mix of stock photos and wild claims it is. Before we get into it, though, let’s take aRead More

In the days leading up to the provincial election, all the usual suspects sharpened their pencils, marshaled their tired little troop of “facts” and wrote the editor of the Cape Breton Post in support of Albert Barbusci’s Novaporte project. Port Fest ’21 was kicked off at the end of JulyRead More

Bridging Update In case you’re wondering what’s happening with Bridging Finance Inc (BFI), the private debt firm that lent Membertou First Nation $6.8 million to buy a stake in Albert Barbusci’s Novaporte container terminal project, here’s the latest: David Sharpe, the founder and former CEO of BFI, who was firedRead More

As you may recall, the Spectator reported some weeks ago on the local implications of the scandal rocking Toronto-based private debt firm Bridging Finance Inc (BFI); namely, that Membertou First Nation borrowed $6.8 million from Bridging to finance its purchase of a stake in Novaporte, Albert Barbusci’s imaginary Sydney harborRead More

Membertou Chief Terry Paul, whose band borrowed $6.8 million from Toronto-based private lender Bridging Finance Inc to finance an investment in a proposed Sydney container terminal, says he is not concerned about the arrangement despite Bridging having been placed in receivership on April 30 amid allegations of fraud and misappropriationRead More

This was going to be a story about CBRM council meeting in secret with Albert Barbusci of Sydney Harbour Investment Partners (SHIP) yesterday and then, during the regular meeting last night, approving a three-year extension to Barbusci’s exclusive contract with the municipality. (I’ve removed the SHIP Exclusivity Countdown Clock fromRead More

People, I watched that June 3 meeting between the Port of Sydney and the CBRM council and those are two hours of my life I will never get back, so I have to write something about it and I think the best thing for me to do would be toRead More

Rousing endorsement I am amazed that, beyond the pages of SaltWire publications like the Cape Breton Post and the Halifax Chronicle Herald, a significant development in the Sydney container terminal project has failed to generate much buzz. The Atlantic Chamber of Commerce — THE ATLANTIC CHAMBER OF COMMERCE, PEOPLE —Read More

I’ve been bellyaching for years about how little information we were ever given about Mayor Cecil Clarke’s travel in support of the port project. His expense reports were notoriously shy on detail, as illustrated by this 2018 entry in which he doesn’t even reveal the city in which his “PortRead More

There are few things more discouraging than directing all your journalistic efforts to separating fact from fiction, only to discover that a wide swath of the public prefers the fiction. How else to explain the opinion piece by Jim Guy and Mary C. MacPherson in the Saturday edition of theRead More