Opposition Leader Pennelope Beckles said the party is waiting patiently to see if a foreign entity would shortly express interest in the Brian Lara Cricket Academy (BLCA). She questioned the timing of the decision to ban fetes at the venue.

Speaking at a media conference at the Office of the Opposition Leader, Charles Street, Port of Spain, on November 13, Beckles referenced a statement by Finance Minister Davendranath Tancoo in the 2025/2026 budget debate regarding the creation of a state-sponsored real estate investment trust (REIT).

Tancoo said the measure was a landmark initiative to democratise state-owned assets, strengthen and diversify TT’s capital market and broaden public participation in national wealth creation. He said high-value income-generating properties such as land, office buildings and commercial infrastructure will be transferred into the professionally managed REIT. He said shares would be listed on the TT Stock Exchange, allowing both ordinary and institutional investors to earn regular dividends from real estate.