Grand Bahama

Grand Bahama is poised for an economic boom (at least that is the projection). The 10th annual Grand Bahama Business Outlook Seminar will be held tommorrow. I will attend it and give you readers a report afterwards. It's going to be very interesting, especially with so many projects being forecasted for the island.

Update

I apologize to my readers for my month long absence. I will try to keep those to a minimum. It is mid Febuary now and the Nassau Beach Hotel is still standing. The concessions that were given to the developers of the massive $2.6 billion dollar Baha Mar development, were made under the PLP government which was voted out of office in May 2007. The new FNM government has made considerable changes to the concessions by reducing them drastically in various forms and this has led to a notable increase in the amount of money that the developers will have to invest in the project. Nonetheless, a supplemental heads of agreement has been signed although there are still some documents that have to be finalized between the company that will operate the casino and The Bahamas government. Once these documents are finalized, then the second phase of construction which will bring about the vast majority of changes, will commence.
The Nassau Beach Hotel seems to still be in the sights of the Baha Mar developers, therefore it is still just a matter of time before it is imploded.