Flipping Grand Bahama

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 loca...

And on the positive side.... What is there to say about the future of Freeport? It's all positive. Created from a dream by one man, it is returning with the will and creative imagination of many who remembers the good ole' days. Freeport was planned strategically by investors in the 1950s and 60s, but today as technology and entrepreneurs look at the possibilities in pockets we see great things beginning to come together. Rumours persists of a sale of the Xanadu Resort and Marina but little is yet know if it is true and what will be come of the property that was once owned by Howard Hughes, U.S. tycoon, investor, inventor, aviator, aerospace engineer, film maker and philanthropist. Memories Resort is looking forward to full occupancy throughout the season and other persons are beginning to take a second look at Freeport seeing all its wonderful potential. If you have any disbelief then you need to check out the Grand Bahama Chamber of Commerce Business Excellence ...

On our regularly scheduled day we continue to bring you the speeches from the 16th Annual Grand Bahama Business Outlook hosted by TCLGroupLtd on Thursday February 27th, 2014. Today we have the Minister of Tourism, Hon. Obie Wilchcombe: Ms. Agatha Marcelle, Director, National Training Agency: Mr. George Gobin, Microsoft Country Manager for Bermuda, Cayman Islands, Bahamas, Belize and the Turks and Caicos Islands: More to come on Friday. Enjoy!