LEGENDARY MARINA RESORT AT BLUEWATER CAY WILL BE CONSTRUCTED ON 20 ACRES
NASSAU, Bahamas — The government signed a heads of agreement (HOA) yesterday for the development of a $110 million resort in southeastern New Providence, The Nassau Guardian reported on Tuesday, April 25, in an article written by Paige McCartney.
The Legendary Marina Resort at Bluewater Cay will be constructed along 20 acres on a peninsular on the southeastern tip of the island, near the intersection of Fox Hill Road and Hanna Road, and will feature a 120-slip marina, a dry storage facility, marina village, club house, restaurants and a retail and residential component, including 20 condominiums, 22 oceanfront villas and 130-room hotel.
Speaking at the HOA signing ceremony yesterday, Prime Minister Philip Davis called the mixed-use oceanfront community a valuable economic catalyst.
“This promising development, which will be carried out in four phases, represents a capital expenditure of $110 million and will serve as a valuable economic catalyst for our capital. The strong investor confidence demonstrated by the developers Peter Bos and William Pizzorni is truly encouraging and I’m certainly excited about the benefits it will bring to the island. The Legendary Companies have a reputation for excellence in the hospitality and real estate sectors, with numerous resort projects throughout the southeastern United States under their belt,” he said.
“With up to 200 projected jobs for Bahamians, and an estimated $158 million in added government revenue for the next 25 years, this development promises to help fuel the economic revolution my administration has been working so diligently to facilitate. Our Blueprint for Change has a plan for every population center and New Providence is no exception. We are busy securing the expertise and capital necessary to stimulate commerce throughout our archipelago, and we are committed to unlocking the potential of all our people in all of our islands.”
Among other services, Legendary Marina Resort intends to offer provisions, concierge and fuel while being the only boatyard in Nassau equipped to haul and launch boats larger than 100 feet.
Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper said yesterday that the investment is another show of confidence in the economy and leadership in The Bahamas.
“What is key with the development for the Ministry of Tourism is that it’s additional product, it deepens and strengthens what we have already in terms of marinas to attract boating and yachting, which is a significant part of our overall offering, being a pristine island chain,” he said.
See complete article in The Nassau Guardian at https://thenassauguardian.com/govt-signs-hoa-for-110-mil-resort-in-southeastern-np/
