National

Developers Deposit Over $2M to Gov’t for Ginn Project in West End, GB

GRAND BAHAMA, BAHAMAS – U.S. based company Coakley International recently made a deposit of more than $2M to the government towards the Ginn Project in West End, Grand Bahama, signaling renewed momentum for the massive project. The project remained largely dormant for over a decade, following its collapse in the early 2000’s.

Published

6 days ago

January 23, 2026

Italia Hall

GRAND BAHAMA, BAHAMAS – The more than 2,000-acre Ginn development in West End, Grand Bahama has remained largely dormant for over a decade, following its collapse in the early 2000’s.

That collapse was a major disappointment for Grand Bahamians as the project was expected to deliver significant economic growth and job creation.

Several attempts to revive the development over the years failed to materialize.

The Bahamas Investment Authority has worked to make the property shelf-ready with a bid won by Coakley International, a U.S.-based development company.

Coakley International is led by Shane Coakley, a Bahamian with deep roots in Nassau, alongside partners businessman Zac Lutz, and former NFL player Dereck Fenner.

Coakley says the former Ginn site was brought to their attention after they initially explored the International Bazaar property.

He admits the process was complex, involving lawsuits, land disputes, and foreclosures.

With many Grand Bahamians feeling discouraged by past investors who came and left, Coakley says his team deliberately stayed under the radar until progress was secured.

His partners say this is a long-term commitment.

The developers are now awaiting final government approval, and once the land transaction is completed, they say site clearing will begin.