By ANDREW COAKLEY
Bahamas Information Services
 
FREEPORT, Grand Bahama, The Bahamas — Minister for Grand Bahama, the Hon. Ginger Moxey says Grand Bahama is on a transformational, revolutionary journey — one that allows it to reach that elusive potential talked about for decades.
“But today, as a Grand Bahamian, born and bred here, I believe, with every fiber of my being, that ‘it’s here and it’s now’!  I believe that the outlook for Grand Bahama is grand.”
Minister Moxey was the keynote speaker at this year’s Grand Bahama Business Outlook, held at Grand Lucayan resort on Thursday, February 13, 2025, under the theme, ‘Prioritizing Inclusive, Sustainable Growth.’
In her address, Minister Moxey noted that over the past three years, the government has seen the culmination of strategic investments positioning Grand Bahama as a hub of innovation, resilience, and opportunity.
In the midst of this positive economic activity, she added that the government continues to “connect the dots” by implementing initiatives focused on Grand Bahama’s recovery.  This aligns with the impact of the nearly $3 billion in investments happening on the island with the government’s initiatives and plans to progress residents and the island forward.
“For this reason, the Davis/Cooper Administration took ‘the bull by the horns’ and tackled some of the critical longstanding issues that have contributed to our economy’s stagnation,” said Minister Moxey.  “By doing so, the government is working diligently to remove obstacles that have hindered the island’s economic growth and recovery and the ability to improve the quality of life of residents.
“To prioritize inclusive, sustainable growth, the government and stakeholders must collaborate to stimulate our tourism, education, construction, and the industrial sectors.  This action will ensure that not only a small percentage of Bahamians benefit from Grand Bahama’s revitalization, but that all fully prepared individuals can also embrace the opportunities.”
Turning her attention to some of the specific upcoming projects coming to Grand Bahama, the Grand Bahama Minister pointed to the proposed Afro-Caribbean Marketplace and Logistics Center.  That project came about during discussions at the historic 31st Afreximbank AGM held in Nassau last June, when the government signed a $1.8M Project Preparation Facility with Afreximbank for the establishment of an Afro-Caribbean Marketplace and Logistics Center – a significant undertaking, in the City of Freeport, by the Davis-Cooper Administration.
Minister Moxey explained that the acquisition of the International Bazaar and the Royal Oasis Tower and Casino properties, as well as the reopening of the West Sunrise Highway will be central to this development and is currently in progress.  She assured that purchase agreements have been made with both the Bazaar owners and Harcourt Development, and the government is ready to proceed.
However, she added that the Grand Bahama Port Authority has indicated that there are long outstanding receivables of the previous owners that must be settled, which has caused a slight delay.
“This acquisition has been budgeted for, in the 2024/25 Budget of the government, and we are hopeful that we can move ahead, as quickly as possible, for this game-changing development for our island.
“The magnitude of this project is far-reaching, and its impact on Grand Bahama will be visible in multiple ways. Firstly, it will resolve longstanding issues that have festered for far too long—the closure of West Sunrise Highway, which will be reopened, the defunct Princess Tower and Casino, and the International Bazaar properties, which the government will purchase.”
Addressing “the elephant in the room”, Minister Moxey said she’s aware of the concern of many Grand Bahamians about one or two major issues on the island, including the sale of the Grand Lucayan resort.  She said she’s satisfied that steady progress is being made, and asked Grand Bahamians to appreciate that such negotiations can sometimes be sensitive.  As such, she did not go into any details surrounding the sale of the resort.
Repeating a remark made by Prime Minister Philip Davis about the hotel during an event at the resort over a week ago, Minister Moxey said that the important thing with negotiating a sale for the Grand Lucayan is to “get it right”.
“I can say that our desire is for a developer committed to embracing the culture of Grand Bahama, while creating a world class brand that enhances the tourism product of this island,” said Minister Moxey.  “We were careful to seek out someone who has the vision, the heart and the ability to create something spectacular for us all.”
The Minister gave a charge and threw out a challenge to all Grand Bahamians – “to find something positive to say!
“When you are about to say something that you know is negative, replace that with something positive about our island instead.  I’m sure we can do that, because there is so much positive to talk about. We are all in this together!”
Photo Caption: GB OUTLOOK IS GRAND – Minister for Grand Bahama, the Hon. Ginger Moxey opened the 2025 Grand Bahama Business Outlook on Thursday, February 13, 2025, at Grand Lucayan resort.  Minister Moxey said that the outlook for Grand Bahama is “grand”.
(BIS Photo/Andrew Miller)