Monday, February 22, 2010
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Multi-million dollar Cat Island project making progress By Inderia Saunders ~ Guardian Business Reporter ~ Inderia@nasguard.com: Developers of a $200 million development on Cat Island are steadily working towards a soft opening in April 2012, with construction on a golf course to start by this summer, Guardian Business can confirm. It's the beginning, said Heath Shelton, owner of Cat Island Partners, the developers of the project, following months of paperwork tying up all the lose ends. "We were doing all the things with the agencies like BEC, BTC, Water and Sewerage, and now we are finally finished with the application process with all the departments," he said yesterday. "And unfortunately they're not sexy things... it's all the leg work and foundation that you have to do before you can come out of ground. "We'll be gearing up for more work now, all golf related and we are working with three different contractors and there are as many as 40 Bahamians that have been employed permanently and temporary." That number, in fact, is readying to double with May's start for construction on the golf course. That's as 15 American golf course consultants are flown in to kick off the start of work in that area. In the meantime, vertical construction is ongoing on buildings that will be the support centers for workers to operate from, during the vertical construction of the project's various components. "Next we will build all the main infrastructure for the spine road that will go into the PGA Village and into the boutique hotel," Shelton said. "Once that is finished, we'll look at building the more tangible buildings, which should be in the fall of this year." The proposed project will sit on 1,906 acres of land — adjacent to Fine Bay — that was purchased from the Bahamian government for $25 million. Developers also said it is estimated that the first phase — which includes two miles of beachfront property, a 223-lot single and multi-family residential community, a 100 unit condominium hotel, a P.G.A. Golf Club and Village, along with a lowrise 200-room J.W. Marriot Hotel — will cost approximately $200 million. A boutique casino is also planned for the resort. An economic impact study has indicated that during the construction phase, the project will secure 244 construction jobs. On the other hand, 937 full-time jobs are expected to be created when the resort is completed in approximately three years.
Tuesday February 09, 2010 |
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