Rich Guys Sue To Keep Other Rich Guy From Ruining Their Nice, Quiet Little Beach Community


Hedge fund manager Louis Bacon and thespian Sean Connery, among others, want to know why the Bahamian government is letting "eccentric Canadian fashion mogul" Peter Nygard stick around and bother its citizens.

More than 100 people, including actor Sean Connery and former U.S. Treasury Secretary Nicholas Brady, have filed a legal complaint against the Bahamian government over an effort by eccentric fashion mogul Peter Nygard to redevelop his Mayan-themed compound in the Lyford Cay community.

The complaint was filed Monday and accuses the government of lacking transparency during a public consultation period as Nygard seeks to rebuild his 150,000-square-foot (13,935-square-meter) complex in the exclusive community at the western tip of New Providence island, home to the capital of Nassau….

In addition to redeveloping his compound, known as Nygard Cay, Nygard is seeking to develop and gain access to land surrounding his property, prompting an outcry from other residents….

Other people who joined the complaint include billionaire U.S. hedge fund manager Louis Bacon; businessman and philanthropist Sir Christopher Ondaatje; and Sarkis Izmirlian, chairman and CEO of Baha Mar, a $3.5 billion mega resort under construction on the island.

Land dispute erupts among ultra-wealthy in Bahamas [AP via MSN]