Mark Lutter reports on the Bahamas (from my email)

 [[{“value”:”I won’t double indent, this is all Mark: “The Prime Minister of the Bahamas recently gave a speech on revitalizing Grand Bahama. He called out the current asset owners of Intercontinental Diversified Corporation, a holding company for Freeport, for not re-investing and for selling off various pieces of the asset. He wants a world class partner to
The post Mark Lutter reports on the Bahamas (from my email) appeared first on Marginal REVOLUTION.”}]] 

I won’t double indent, this is all Mark:

“The Prime Minister of the Bahamas recently gave a speech on revitalizing Grand Bahama. He called out the current asset owners of Intercontinental Diversified Corporation, a holding company for Freeport, for not re-investing and for selling off various pieces of the asset. He wants a world class partner to develop Grand Bahama. Half his cabinet attended the speech in person. It is the strongest stance a Prime Minister has taken in 50 years with respect to Grand Bahama.

Here is some additional background reading on Grand Bahama and Freeport. The Prime Minister has two years left in his term and has made revitalizing growth on Grand Bahama his political legacy. Some key facts about Freeport

70k+ acres of developable land under Grand Bahama Development Company
Infrastructure to support 250k residents, current population is 50k
25 minute flight to Miami
Existing legal framework for a charter city, though some of the rights of the Grand Bahama Port Authority, the city government, have been eroded over time

I hope you find this interesting enough to blog about and would appreciate a shout out. Happy to answer any additional questions you might have.”

TC again: Here Mark comments on Twitter.

The post Mark Lutter reports on the Bahamas (from my email) appeared first on Marginal REVOLUTION.

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