The crap storm of Ja Rule‘s now cancelled Fyre Festival hurts the Bahamas as much as it does concertgoers … in fact, probably more because tourism is EVERYTHING on the island.
Sources at the Bahamas tourism board tell us … they were ecstatic about Ja’s first annual “luxury” music fest because it was going to be a huge moneymaker and great pub for the islands.
We’re told the Bahamas stands to lose out on millions with the festival being called off … and tourism officials are devastated. The Ministry of Tourism released a statement saying it’s “extremely disappointed” … especially because it offered to help the fest organizers.
Our sources say event planners were in way over their heads … grossly unprepared for an expected crowd of at least 6,000. However, they don’t think the Fyre Festival was a scam, it was just too poorly organized to continue.