THE EXUMAS
JMMC/GREAT EXUMA
ADVENTURE RESORT
JMMC Bahamas Ltd, a USA-based company, recently received approval to develop
the multi-faceted Great Exuma Adventure
Resort at a cost of $311 million on 275
acres at Hooper’s Bay Estates, Great Exuma. The development would include a 115
unit condo-hotel, marina, adventure theme
park, equestrian centre, spa, farm, 45-unit
bonefish lodge, event pavilion & restaurant
and retail stores. The developers estimate
that they will provide construction employment for 250 and on completion of
build out, full employment for 155 persons.
SANDALS EMERALD BAY
[24]
2016/2017
DRAFT
ESTIMATES
OF REVENUE &
EXPENDITURE
Sandals Emerald Bay last year spent $35
million in property-wide renovations and
its sustained above-average occupancies
supp ort the contention that Sandals continues to be an economic catalyst in Exuma. Future projects include $6 million in
expenditure on food and beverage outlets,
a new beach bar and room renovations.
Sandals continues to reinvest in employees
with supervisory programmes aimed at increasing inward promotion, and support of
six schools in Exuma, along with and annual offering of paid summer apprenticeship
programmes for 25 high school graduates
of LN Coakley High School on the island
of Exuma.
CHILDREN’S BAY CAY AND
WILLIAMS CAY
The Heads of Agreement between the
Government of The Bahamas and affiliate
companies CB Commander Limited and
CH Amiral Limited, executed on 1st February, 2016, for development a $185 million
residential community resort, marina and
golf course on Children’s Bay Cay and Williams Cay, Exuma, coupled with other devel-
opments taking place both in Georgetown
and surrounding islands, will in all likelihood
transform the landscape and continue to elevate the profile of The Exumas within the
chain of islands of The Bahamas.
The sheer size and scope of the project
will require tremendous human resources
both in construction and operation of the
facilities, thus providing a rationale for the
return home of many Exumians, and solid
future employment prospects for those
currently in school there.
This exclusive resort will exemplify an
environmentally sound development and
management model and will comprise a
fifty (50) pavilion room hotel; five (5) over
the water pavilions; five (5) estate lots; numerous amenities including a marina village, nature and environment centre and a
managed marine park. The existing marina
will be expanded to twenty (20) berths
and four (4) slips and will accommodate
vessels up to 120 feet.
The Williams Cay development will comprise an 18-hole golf course designed by
Tom Fazio; fifteen to twenty (15-20) villas;
three (3) over the water pavilions; a welcome center, a villa owner club house; nature trails; biking and jogging trails, a bridge
linking Children’s Bay Cay and Williams Cay
and a helipad. The developer will contribute to the repair of the Government dock,
and construct a police station and medical
clinic for the benefit of the Barratarre Settlement and surrounding populations.
The targeted date to complete project
build out is December 2020, however, the
majority components of the Children’s Bay
Cay resort and Williams Cay golf course
will be completed by December 2018
with Phase I utilities and road infrastructure works slated to begin in October
2017.
FEBRUARY POINT
The National Economic Council, on 1st
October, 2013, approved a $40 million undertaking by FP Associates Limited and FB
Parcel (815) Limited for re-development
of the February Point Resort Estates on
Great Exuma Island and the developer
is currently in talks with three potential
brands for resort operations. On its completion the upscale development will comprise a hilltop, boutique 5-star resort hotel,
twenty (20) condo units and estate homes.
Work has already begun on an expanded marina and a new marina and marina village on the pond at February Point
and construction will commence in 30
days on build out of twenty condo units.
Development is nearing completion on a
state-of-the-art Welcome Centre, Restaurant, Bistro Bar and Spa. Construction will
begin shortly on 4 single family homes,
each having an estimated value of $3.5 $5 million per home. Also on the drawing
board are six (6) over the water bungalows, each with a value of $4 million to $8
million per unit, and construction on these
will commence as soon as the final permits
are granted. Construction will begin on a
100-unit condo hotel by the 4th quarter
2016. Presently, there are 102 Bahamians
employed on a part time and full time basis and the company is looking to double
its staff within the next 60-90 days.
February Point has committed to the donation of a minimum 150 acres of land
in Flamingo Bay to the Government for
housing and other projects and will contribute $250,000.00 for a joint venture
project with Government for the transformation of Georgetown into a mini city
centre with a state-of-the-art Government
Administrative Complex, a primary and a
high school, an Industrial Park, Community
Sports and Recreational Centres, a hydrophonic botanical farm, residential subdivi-