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Letter To The Editor: Protecting Generational Wealth!

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#TurksandCaicos, September 9, 2021 – Despite the significant impact caused by the current COVID-19 pandemic, real estate reports show the market in TCI is at an all-time high, and continues to make remarkable gains.

With that being said, this should give us pause for thought; why in a global economic downturn, does TCI real estate continue to be such a hot commodity?

Could it be because we have such relaxed tax regulations, or is it a consortium of foreign investors with large sums of cash who are seeing this as a lucrative opportunity to acquire prime real estate?

In some cases, these properties are used to build lavish homes which are later utilized as short term vacation rentals, or better yet, just left for their next generation.

With this being a real possibility, are we forward thinking enough to undertake sharply focused policies to revise the existing laws and regulations in order to maximize revenue in this area?

We realize drafting legislation to enact policy changes is not an easy task, but the window of opportunity in this arena may be limited.

While the market is red hot and TCI is still listed as one of the top destination choices, the time to capitalize on the opportunity is now. At this given time, do we really need to relax the laws even more and give investors bigger tax breaks?

Albeit, over the years foreign investors have played an extremely important role in the growth and development of our country and we should be appreciative of that.

Nevertheless, we are at a stage in our development where it’s imperative that we take a closer look at the true overall impact it’s having on the betterment of both the country and communities at large.

When is enough, enough when it comes to selling off government land and generational properties to foreign investors? What our country needs is a more diverse portfolio other then selling off real estate.

Let’s face it, there are alternative foreign investment opportunities that could and should be explored. Areas such as light manufacturing or production like recycling on a larger scale, co-op sustainable fishing partnerships, restoration of our conch farm, call-centers, etc.

Generational property is the primary way for our millennials to build and accumulate wealth over time. So why continue to sell it off for pennies on the dollar without looking at the big picture?

With the changes in demographics and the high number of unskilled laborers in our country, these other types of investment opportunities could offer more employment prospects and social benefits. This will also help to raise the standard of living and allow us to become less reliant on low paying service jobs.

The underlying concern is, with the native population continuing to decline, Baby Boomers are pretty much the only ones remaining with generational properties.

Unlike many wealthy families in other developed countries, most of them will not inherit trust funds.

Therefore, we must preserve our only real asset which is generational land, and educate our children on the true value of our forefathers inheritance.

The reality is, most Turks Islanders are not in a financial position to hang onto undeveloped properties as long as they would like too, especially if they are cash strapped. They are then left in a precarious position when attractive offers are presented to them by realtors.

There is also a rising cost and huge demand for housing, especially in the high tourist areas that are the epicenter of jobs and businesses.

To help mitigate this, in my opinion, what is needed are more government affordable land and housing for the locals with the option to buy.

In addition, without having adequate banking systems in place to offer low cost property loans with affordable mortgage payments, it creates a disadvantage and more opportunities for foreign investors.

As places like Providenciales become over populated or have a shortage of inventory, the migration will move to South, North and eventually to Middle Caicos, creating a higher supply and demand market.

In the very near future, the business landscape as we know it in these Caicos islands will continue to evolve exponentially. Deserted land being sold right now, might not be what locals consider prime real estate, but it will be.

It is my belief, rising property value in these areas will be largely driven because of the recent proposed developments such as, a newly constructed marina, a welcome center and a reopening of the airport in North Caicos.

Over time, properties that were quite cheap to buy, suddenly becomes costly and the resale value will double or triple.  Once again, leaving the locals with limited options and very little transfer of wealth.

In essence, the real estate boom may not be a win, win for all in the long run. So the question remains, are we making sound real estate decisions in the best interest of the next generation?

 

Ed Forbes

POETRY :

Summer In Turks And Caicos Islands.

Summer by the sea and

It’s so beautiful to stop

And see watching the

Children smiling so bright

Having fun in the warm

Summer sunlight feeling the warmth

On my face and Turks And Caicos Islands is just

A beautiful sunny warm place and the

Taste the sweetest fruits and I’m

Watching the butterflies flow

Oh how I love the summer days

Smiling so bright kissing my beautiful wife

And all of the songs we sung where so

Beautiful and bright in the warm

Summer sunlight and it’s truly

Beautiful to see the little birds singing

To me it’s summer time and I’ll remember this summer’s day and all of my memories will never fade away Oh how I love summer time in Turks And Caicos Islands every day.

 

David P Carroll.

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Multi-Agency Enforcement Action Conducted in Lower Bight

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Providenciales, Turks and Caicos Islands — The Informal Settlements Unit (ISU), in coordination with the Planning Department and key partner agencies, conducted a multi-agency enforcement exercise on Thursday, May 7, 2026, in the Lower Bight area in Providenciales. The exercise resulted in the complete removal of a total of eight (8) unauthorized structures and all associated debris from a privately-owned parcel of land.

The operation was led by the Planning Department, with coordination by the ISU and support from the TCI Border Force, the Crown Land Unit, and Pelican Energy.  Security for the exercise was provided by the Royal Turks and Caicos Islands Police Force. All agencies worked collaboratively to ensure the exercise was carried out in a safe, orderly, and controlled manner.

The enforcement action followed a structured and lawful process in accordance with the Physical Planning regulatory framework of the Turks and Caicos Islands. Section 45 Enforcement Notices were first issued on the affected parcel in December 2024, identifying unauthorized structures erected without the requisite approvals. This was followed by the issuance of Warning Notices on April 16, 2026, which advised occupants that they were in breach of planning and land use regulations and provided notice that demolition activities would proceed following the prescribed compliance period. Despite these notices and the time afforded for compliance, the unauthorized structures remained in place.

This exercise represents part of an ongoing commitment to ensuring that development within the Turks and Caicos Islands is lawful, safe, and aligned with national standards.

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Beaches Turks and Caicos and Sandals Foundation Champion Early Childhood Literacy with Star-Studded Reading Road Trip

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PROVIDENCIALES, Turks & Caicos Islands: The grand opening of the Treasure Beach Village at Beaches Turks and Caicos brought more than just high-energy celebrations to the shores of Providenciales as the Sandals Foundation led a star-studded Reading Road Trip at four local primary schools.

Dozens of celebrities, global media representatives, resort guests, and hospitality executives took a purposeful break from the weekend’s festivities to connect directly with the island’s youngest learners. The initiative transformed standard kindergarten classrooms at Enid Capron Primary, Thema Lightbourne Primary, Ianthe Pratt Primary and Oseta Jolly Primary into dynamic literacy hubs as visitors including American Actor and Playwright Jesse Eisebberg, and Real Housewives of New York City and author Kelly Bensimon read books and engaged in fun literacy games and activities.

The carefully designed activities aimed to strengthen students’ foundational reading comprehension skills and saw visitors actively animating characters, reading aloud, playing interactive literacy games, doing phonetic exercises and collaborative arts and crafts.

For local educators, the initiative represented a valuable opportunity to broaden students’ horizons. Through meaningful interaction with media representatives, students learned firsthand about exciting careers in writing, photography, and broadcasting.

Nelene Swann, Vice Principal of Enid Capron Primary, highlighted the profound impact of the unique global connection. “The experience for the children was good as they interacted and shared in a cultural blend while learning about new cultures and different career options,” Swann shared.

For American actor and playwright Jesse Eisenberg, who spent his afternoon volunteering at Oseta Jolly Primary School, his visit coincided with a special occasion on the school’s calendar, creating an even more memorable atmosphere for the youngsters.

“Our school was celebrating Boys Day which allowed [Eisenberg] to share in the experience and even provide great mentorship advice. Lessons such as the importance of consistency were well received by students in this developmental phase,” says Handsfield.

The Sandals Foundation has long championed early childhood education as a fundamental pillar of its philanthropic mission across the region.

Heidi Clarke, Executive Director of the Sandals Foundation, expressed her pride in the weekend’s grand opening educational outreach noting, “The Reading Road Trips provided a one-of-a-kind experience to guests and students as they shared in the power of play, imagination and life – all through the wonders of books. At the heart of our mission is to facilitate the creation of fun and dynamic learning environments that inspire students. We are proud to be a partner in TCI’s education tapestry and will continue to support initiatives that enable students’ holistic development.”

While the grand opening festivities brought a special influx of international participants to the classrooms, the commitment to local schools remains a consistent, year-round priority for the local resort staff. Employees regularly dedicate their personal time to mentor, tutor, and read with primary school students, fostering an incredibly strong bond between the hospitality sector and the local education system.

General Manager Deryk Meany emphasized the immense joy these initiatives bring to his dedicated staff. “This was a blast for the resort team members. The heart of the hospitality industry extends far beyond the resort’s doors and through the Reading Road Trip and other team member volunteer initiatives, we are proud to share our time, resources and expertise to the school community.”

Even as the official grand opening celebrations conclude, the positive impact of these classroom interactions will continue to resonate deeply throughout the Providenciales community and the world – example of a powerful model for community-integrated tourism.

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RT&CIPF, Airports Authority Pledge Stronger Aviation Security for Turks and Caicos

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Turks and Caicos, May 22, 2026 – Protecting the Turks and Caicos Islands’ airports and ports of entry through stronger coordination, intelligence sharing and joint security strategies was the central focus of a high-level meeting between the Royal Turks and Caicos Islands Police Force and the Turks and Caicos Islands Airports Authority earlier this month.

Commissioner of Police Fitz Bailey and members of the RT&CIPF Executive Team met with TCIAA officials on May 7 at Police Headquarters as both agencies reinforced their commitment to national security and public safety.

Leading the Airports Authority delegation was TCIAA Chief Executive Officer Selvyn Hawkins.

The meeting centered on aviation security across the Turks and Caicos Islands and the need for tighter collaboration as the country experiences continued growth in visitor arrivals and air traffic movement.

Officials discussed coordinated approaches to strengthening airport security, improving intelligence sharing and ensuring stronger protection for residents and visitors entering and leaving the territory.

The discussions also underscored the importance of strategic partnerships between law enforcement and aviation officials in responding to evolving security threats and safeguarding critical infrastructure.

Also attending from the TCIAA were:

  • Devon Fulford, Executive Director of Operations
  • Nikeva Ariza, Director of Corporate Affairs, Communications and Public Engagement
  • Jurren van den Oever, Security & Change Manager
  • and Andrew Thomas, Director of Safety and Emergency Response.

The meeting forms part of broader national security efforts aimed at reinforcing public confidence, strengthening border protection and ensuring the Turks and Caicos Islands maintains safe and secure gateways as tourism and development continue to expand.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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