Redeveloping Downtown Nassau

The redevelopment of the Nassau Cruise Port is expected to be completed by the third quarter of this year and the business community is anticipating a surge in activity in downtown Nassau to accompany it.

Chair of The Bahamas Chamber of Commerce and Employers Confederation, Khrystle Rutherford Ferguson says businesses are looking forward to what 2022 will bring.

Last month, The Bahamas Investment Fund raised $25 million for the Nassau Cruise Port Limited’s redevelopment of recreational, entertainment, shopping, and food and beverage spaces. Also, included were the completion of marine construction work and related costs for the project.

Meanwhile, downtown businesses have been working toward economic recovery, after a year of lockdowns, restrictions and low visitor arrivals.

While the center of downtown will see redevelopment, the area east of East Street is still struggling, with abandoned and shuttered buildings sandwiched between those in a state of disrepair. Rutherford Ferguson says the chamber is always there to support and foster plans to bring that area back to life.