Written by 1:05 pm Art

IN THE PIPELINE: Nearly $500 million or more in Eleuthera investments over next five to 10 years

NASSAU, BAHAMAS — The island of Eleuthera could see near $1 billion value of investment over the subsequent five to 10 years in keeping with Eleuthera Chamber of Commerce president Thomas Sands.

Sands, who addressed the Eleuthera Business Outlook conference yesterday, said that the nearly $1 billion value of investments on the island in the subsequent five years.

This includes some $400 million being invested by Disney Cruise Line in its Lighthouse Point development, a $200 million Ritz Carlton development announced last yr in addition to one other $100 million in Half Moon Cay.

“My estimate is that over the subsequent five to 10 years we’re going to get near a billion in investments if not exceed that,” said Sands.

Sands also noted that the holiday home rental market forms one other crucial a part of the Eleuthera economy.

“They’ve spread through the island of Eleuthera. The holiday rental sector is the backbone of the economy.  It’s difficult to place a number to that but I believe that it’s critical to the equation of what’s happening.”

Sweeting, the Member of Parliament for Central and South Eleuthera said yesterday that the federal government plans to construct two “cutting-edge” medical facilities on Eleuthera. He noted that one will probably be constructed in  Palmetto Point and may have a small surgical ward while the opposite will probably be constructed in Rock Sound.

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