[I hope for $132 Million that they can finally
get the hydrology and the Admiralty Bay salt
water circulation straightened out for the entire
Grand Anse area. Otherwise they run the risk of a
high rise on a cess pool --- my uninformed
opinion . . .
Wonder how much the investors are planning to
spend on Beef island in the BVI? . . . . bp]
>To: MBT <email@example.com>
>From: erik blommestein <erikbtt@...>
>Date: Sat, 19 Feb 2005 04:58:29 -0800 (PST)
>Subject: [mbt] new marina in St Lucia?
>>From the MIrror.
>Coming - A $352m. Luxury Marina
>Local Businessmen partner expatriate in Tourism
>Three of the islandís top business leaders have teamed
>up with an adopted St. Lucian to develop a $352
>million (US$130m) luxury marina resort with
>condominiums, to be known as ëThe Landings St. Luciaí,
>on the Pigeon Island Causeway.
>Government officials have been quick to assure the
>public that the sizeable development will not affect
>access to the beaches in the area, which is the
>proposed site of more hotel development to come.
>"I want to assure the public of St. Lucia that the 2.5
>acres reserved for their use will remain and all
>sectors of the country will benefit," Minister of
>Tourism, Philip J. Pierre, told the launching ceremony
>"The first thing that is very special about it (is
>that) itís the biggest capital project ever in St.
>Lucia," said Project CEO Frank Heaps. "It will be
>about US$130 million over four phases, and weíve been
>told by a journalist from Barbados that itís the
>largest regional project in the Caribbean."
>Heaps, a former UNDP Development Advisor in the
>1970ís, said he and St. Lucian businessman Bernard
>Johnson conceived the idea during a boat trip along
>the Rodney Bay Marina while he was back here on
>holidays two years ago. Johnson expressed an interest
>in investing in such a project, though he did not want
>to be physically involved in the actual development of
>the project, which is being modeled on a similar
>venture in Barbados called Port St. Charles. Heaps
>said the St. Lucia version would be "better" than its
>"We really have reasons to be very proud of this
>investment and to hope that it will materialize and
>bring the benefits that we are expecting," Prime
>Minister, Dr. Kenny Anthony said of the project. He
>said St. Luciaís economy had changed and tourism was
>now the leading sector, contributing some 14% of GDP.
>He asked all citizens to "give and take", noting that
>those who were worried about access to the beaches or
>felt a sense of loss should also understand that the
>country had economic issues to resolve. The economy
>would do well with the injection of capital from ëThe
>Landingsí project, he added.
>According to Heaps, plans for ëThe Landingsí
>development found equity partners in three of the
>islandís top business leaders, Craig Barnard, Fred
>Devaux, Chairman of the M&C Group of Companies; and
>Johnson, a developer of properties in the north of the
>"The Landings is going to be a fabulous resort,"
>proclaimed Barnard, the man whose company will manage
>the property after the project is completed. "It will
>support the yacht sector with 100 berths inside."
>Welcoming the development plans, Minister Pierre
>disclosed that ëThe Landingsí was the first enterprise
>to take advantage of the fiscal incentives offered by
>the St. Lucia Government for Cricket World Cup 2007.
>"I am sure that this property will not only be the
>largest capital investment, but will be the most
>upscale and most beautiful type of accommodation in
>the region," Pierre said. "The Landings will give to
>St. Lucia a new type of product. 2004 was the best
>year for tourism in St. Lucia, but we need to create a
>level of accommodation that will bring a calibre of
>visitor that can help us attract more air lift into
>St. Lucia. An upscale development like ëThe Landingsí
>will help us do that."
>Barnard said ëThe Landingsí will contain over 500
>rooms and over 1,000 beds. "The annual foreign
>exchange that ëThe Landingsí will earn for St. Lucia
>will exceed US$60 million a year," he estimated. "The
>expenditure outside the resortÖis estimated at about
>one-third of that amount because ëThe Landingsí is not
>an all-inclusive and the impact of the benefits will
>be significantly spread to more outside the hotels. It
>will certainly employ many hundreds of people during
>construction and will provide 600 direct jobs when it
>Development plans for the project were introduced to a
>cross section of members of the islandís commercial
>sector and the news media during a cocktail reception
>last week at LeSport, Barnardís flagship property.
>"A lot of the condominium owners will not want to
>occupy their units full time and they will put it
>through a rental pool, and the rental pool will
>function like a boutique hotel," Heaps said. "We will
>obviously have moorings for boats inside the private
>yacht habour and outside on our pier, which, we
>believe, is located on the best beach on the island.
>We think we are in the best location in terms of
>access to infrastructure," he added. Amenities at ëThe
>Landingsí will include five restaurants, water and
>land sports, and health clubs.
>Five contractors will tender for the project, Heaps
>said, adding that the selected contractors will need
>to have the capacity to handle the size of the
>project; have a sterling reputation; and be reliable.
>Heaps promised that ëThe Landingsí, upon completion,
>would be managed to the highest standards under Craig
>Heaps also gave Dr. Anthony and Pierre "great credit"
>for making ëThe Landingsí project become a reality.
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