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Happened at the Office of the Prime Minister in Grand Bahama


Happened at the Office of the Prime Minister in Grand Bahama

Government announcing the signing of a Letter of Intent between the Lycayan Renewal Holding and Royal Caribbean International and ITM for the purchase of the Grand Lucayan Resort & The Redevelopment of Freeport Harbour
The purchase price $65 million
2,000 construction jobs are expected to be created
The redevelopment will include a Theme Park and a 5 Star Hotel, according to the Minister of State for Grand Bahama, Senator Kwasi Thompson
The project is expected to take 24 to 36 months
An additional 2 million tourists are anticipated



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