Revitalization of Treasure Cay Promises Economic Growth
Reinvigorating Treasure Cay for a Thriving Community
On the fifth anniversary of Hurricane Dorian, a significant agreement has been reached between the Bahamian government and GreenPointe Holdings, promising an exciting future for Treasure Cay. This collaboration is not just about rebuilding; it embodies the revitalization of a cherished community that has faced immense challenges.
Key Details of the Agreement
The agreement was officially announced by the Bahamian Prime Minister and Edward E. Burr, the Chairman and CEO of GreenPointe Holdings. This partnership signifies a new chapter for Treasure Cay, which has long been a vital economic hub for Abaco. The effects of Hurricane Dorian were profound, leaving residents to grapple with the loss and devastation.
Comprehensive Development Plans
The revitalization involves transforming Treasure Cay into a vibrant community featuring various amenities such as single-family homes, condominiums, and villas, an 18-hole championship golf course, a beach club including the revival of the beloved Coco Beach Bar and Grill, a 175-slip marina, a retail village that will bring back the iconic Tipsy Seagull, and a racquet club offering tennis and pickleball facilities.
The Economic Impact
This substantial project, with an investment of approximately $1.5 billion, is expected to break ground in the coming years. Initial phases of the development aim to open by 2027, promising substantial economic benefits and the creation of numerous jobs for the island residents.
A Vision for the Future
Mr. Burr emphasized that the endeavor goes beyond simple reconstruction. It aims to restore a way of life that flourished since the 1960s, reestablishing Treasure Cay as a central economic engine for North Abaco, thus renewing the spirit of its community.
Government Support and Collaboration
Prime Minister Davis expressed optimism, stating that GreenPointe Holdings is the ideal partner for this vital project due to their deep-rooted connection and proven track record of impactful development. His vision aligns with the government's commitment to build a resilient community that can withstand future challenges and provide new opportunities for all generations.
Contact Information for Media Inquiries
For more information regarding this transformative project, media inquiries can be directed to Elizabeth Kelley Grace. With a strong commitment to transparency, Elizabeth is ready to assist interested parties. Contact details are as follows: Elizabeth@thebuzzagency.net, phone number: 561-702-7471.
Frequently Asked Questions
What is the planned investment for Treasure Cay's revitalization?
The total investment for the revitalization efforts is approximately $1.5 billion.
When is the project expected to break ground?
The construction is anticipated to start soon, with plans for the first phase to open by 2027.
What amenities will the redevelopment include?
The redevelopment will feature homes, a beach club, a golf course, a marina, and recreational facilities like tennis and pickleball courts.
How does this project impact the local economy?
The project is expected to create numerous job opportunities and significant economic growth for the residents of Abaco.
Why is GreenPointe Holdings involved in this project?
GreenPointe Holdings has a long-standing connection to the area and a proven history of successful developments that align with the government's vision for a better community.
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