The Deputy Prime Minister Peter Turnquest recently announced  that the new Grand Bahama Port Area Extension of Tax Exemption Bill will extend NO PROPERTY TAX for 20 years for ALL Homeowners in the Port Area.  (see attached article from the Freeport News)

This is welcome news as we all know there was uncertainty on this matter and its a very positive sign for current and future investors in Freeport.

What this means is that anyone can purchase property in Freeport/Lucaya from the Harbour all the way East to the Lucayan National Park and pay NO PROPERTY TAX for the next 20 years. This is the only land in the entire Bahamas where there is No Property Tax.

This is a good first step and soon (fingers crossed)  we hope to hear about;  the re-opening of the Grand Lucayan Hotel, The Purchase of Old Bahama Bay in the West End, The Carnival Cruise Port out East, the special $350,000 minimum for Permanent Residency in the Port Area, a well thought out Master Plan from DEVCO to stimulate Foreign Investment and the new Port Area Investment Board to be a joint effort between Government and the Grand Bahama Port Authority.

Needless to say property prices in Freeport are currently down so its a good time to get a Deal! I am optimistic that with ALL of the above coming on stream and if we clean up our derelict buildings, Freeport will start moving in the right direction again.

Click here to read the full article on The Freeport News 

SLS Hotels’ first Caribbean project is slated to open this month: SLS Baha Mar.

The next major resort brand to debut at Nassau’s megaresort complex, SLS Baha Mar is a project by sbe [sic] slated to make its formal debut Nov. 14, according to a press release from the resort.

Click here to read the full article on Caribbean Journal.

Atlantis’ ultra-luxe resort has relaunched in a big way.

The Paradise Island destination officially debuted the new The Cove, Paradise Island this weekend, highlighted by the launch of a pair of significant new culinary additions to the Bahamas: eateries by Chefs Julie Lightbourn and Jose Andres.

The launch party included a performance by music superstar Fergie.

The Cove’s transformation is centered around its sparkling new “poolscape” that is a reimagining of what has long been Nassau’s most bustling beachside hotspot.

Now in its 40th year festivities will begin on Cayman Brac (3-5 November) with a bon fire, welcome party, heritage displays, a parade and fireworks. It’s three days of Cayman Brac culture, fantasy and fun.

The festivities move to Grand Cayman for the most famous of events (9-13 November), five fun filled days of music, street dances, competitions, games, traditional dishes and drinks, a Pirate Pooch Parade, a children’s fun day, teen dance, two glittering parades, sporting events for all ages, a pirate invasion and spectacular fireworks displays!

On Saturday 11th November, the 'pirates' will invade the islands attacking from the sea in Hog Sty Bay in George Town harbour. Traditionally the Governor is 'captured' and the pirates 'run amok' before being cast off again for another year.

Thousands of people line the streets to watch the spectacle and its good-natured swashbuckling fun. It's the only event of its kind in the Caribbean region and it caters to everyone in the family!

Click here to find out more about this event and how you can join in and meet the pirates!

Your privacy is very  important to us, please take the time to read our privacy policy here.