National

$177M Agreement Signed for Treasure Cay Development

NASSAU, BAHAMAS – The Davis administration finalizing a deal with Florida-based developer Edward Burr for a proposed $177m development in Treasure Cay, Abaco.

Published

3 months ago

September 12, 2024

Berthony McDermott

NASSAU, BAHAMAS – The Davis administration finalizing a deal with Florida-based developer Edward Burr for a proposed $177m development in Treasure Cay, Abaco.

It comes a little over a week after the fifth anniversary of monster storm Dorian which nearly decimated parts of the island.

During the signing Wednesday, the agreement was hailed as a win-win, the prime minister touting it as an iconic development

A local daily recently reported that Davis revealed burr and his company Greenpointe Holdings are seeking to develop Treasure Cay into a mixed-use resort and residential community following the property acquisition from the Meister family.

Phase one of the project will restore infrastructure including the marina and harbor.

They will also construct new residential units, a hotel, and essential services such as a grocery store – all designed to enhance the lives of both Bahamians and visitors.

As for the project, Davis revealed this is just the beginning and that government is looking forward to the major investment.

During the signing, the prime minister said the investment in treasure cay represents more than just a financial commitment.