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Investors Pull Out Of Development Plans In Yarmouth Over Ferry Rhetoric

A businessman has scrapped his plans for a development in Yarmouth because of all the political rhetoric and a lawsuit over the ferry service.

Issmat Al-Akhali, President and CEO of Blacksheep Project Management in Halifax, says he had financing in place to develop a business in Yarmouth that would provide student accommodations for people attending community college and cater to tourists in the summer.

The ferry service was critical to his business proposal and the decision to go to Yarmouth.

But Al-Akahli tells Acadia News his backers have pulled out.

“Even though no specific action has taken place by any party to say the ferry will be discontinued, just the mere mention of the possibility that the ferry could go away is definitely chilling.”

He says there is still push-back from both the PC’s and NDP on whether there should be a ferry in Yarmouth.

“Unless we can hear some clear indication that the ferry’s fate is based on an agreement from all three parties that it’s good for the economy of southwestern Nova Scotia then we have to hold back.”

Al-Akahli says the ferry should not be used as a ‘political football”.

He’s now looking for a location elsewhere in the province.

Story written by Gary Nickerson

nickerson.gary@radioabl.ca

(Developer Issm
at Al-Akahli had big plans for a business in Yarmouth-Linked In photo)

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12:08 am, May 16, 2026
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