Coming soon....

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After a number of questionable starts and announcements on things to come the Grand Bahama Port Authority seems to be waiting for the ink to dry to let you know what is here, business wise.

So this week it was announced, after months of rumours, that the Port Lucaya Marketplace has been sold for $5.5 million to UK investor Peter Hunt.

According to a newspaper report this acquisition was announced by the Prime Minister Perry Christie during his recent mid-year budget speech.

He was quoted saying, "The Port Lucaya Marketplace, which was recently sold for $5.5 million, will also now undergo significant upgrades, creating additional jobs and entrepreneurial opportunities."

Port Lucaya Marketplace features 40 stores and boutiques, 14 restaurants, six bars and three late night bars/lounges, plus three watersports operators.

Targeted at stopover visitors from the Memories and Grand Lucayan hotels, plus guests at other Freeport resorts, cruise ship passengers and locals, the Port Lucaya Marketplace also has room for 110 straw and authentic Bahamian craft vendors.

This was the only announcement made for Grand Bahama as the Prime Minister told of other investments going on in other parts of the country.

He however noted that he is pinning his economic recovery hopes on a resurgence in foreign direct investment plus the Chinese.

This came just prior to the Annual Grand Bahama Business Outlook which once again is seeing some recovery for this island beginning this year.

All is not lost. There are still some great things in the works.



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