Vendors Excited For Trickle-Down Effect

FREEPORT, BAHAMAS – Around Grand Bahama, the excitement builds on the first real sign the economy could be on the rebound. The announcement of the sale of the Grand Lucayan property means many industry partners will be back in business. Just across the street at the Port Lucaya Marketplace, the news was met with celebration.

Here is our Megan Shepherd.

Grand Bahamians have watched tourism numbers dwindle for decades.

A series of hurricanes and more recently COVID -19 have put a stranglehold on a once thriving tourism industry.

Industry partners like straw market vendors continue to struggle to make a living.

The announcement the Grand Lucayan Resort is reopening with major renovations and re-branding is the kind of news these marketplace vendors have long anticipated.

Lorzeno Moxey says he’s worked in the tourism industry for over five decades.

The anticipated resort re-opening brings a sense of nostalgia.

Minister for Grand Bahama Ginger Moxey speaks to the significance of the sale andits potential widespread economic effect.