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$3 Billion in Projects Signal Grand Bahama’s Rebirth, Says Minister Moxey

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By Deandrea Hamilton | Editor

 

Grand Bahama is undergoing an economic revival backed by more than   $3 billion in real investments, according to Pineridge Member of Parliament and Minister for Grand Bahama, the Hon. Ginger Moxey.  The Minister’s remarks came during her Budget 2025/26 contribution in the House of Assembly on Tuesday, where she painted a vivid picture of recovery and reinvention for the island long regarded as beleaguered.

“Don’t let the noise in the market fool you,” declared Moxey, adding that Grand Bahama is no longer the forgotten stepchild of the Bahamian archipelago.  “There is over $3 billion in real investments happening now in various stages of development.”

Moxey described Grand Bahama as the fastest-growing destination in The Bahamas in terms of air arrivals, up 14.5%, and poised for exponential growth in cruise tourism with the official opening of Carnival’s Celebration Key in July.  Government projections show that by 2028, the island could host as many as 6 million annual visitors.

A Full Ledger of Progress

To fully capture “the magnitude of what’s happening,” the Minister rattled off a comprehensive and unprecedented slate of developments, signaling an economic and infrastructural transformation:

Major Projects Currently Underway:

  • $827M Grand Lucayan Redevelopment – the crown jewel in Freeport’s tourism reboot.
  • $700M Celebration Key – the highly anticipated Carnival cruise port at Sharp Rock.
  • $665M Grand Bahama Shipyard Expansion – positioning Grand Bahama as a maritime leader.
  • $348M Xanadu Beach Project – a return of the iconic resort once frequented by Howard Hughes.
  • $210M Freeport Health Campus – modern healthcare facilities aimed at improving public and private care.
  • $100M RCCL Harbour Cruise Port Development – bolstering Grand Bahama’s appeal to cruise lines.
  • $73M Liwathon at South Riding Point – signaling energy sector stability and resilience.
  • Airport Redevelopment – no financial figure provided, but declared “imminent.”
  • The Bazaar and Royal Oasis Acquisition – reclaiming dormant real estate assets.
  • West Sunrise Highway Reopening – improving transportation and logistics flow.
  • O2 Resort and Marina – a high-end hospitality and nautical tourism facility.
  • Western Atlantic University School of Medicine (Phases III/IV) – growing the island’s academic footprint.
  • Water’s Cay Dock – facilitating marine access and eco-tourism.
  • Sweeting’s Cay Dock – boosting transportation and fishing community resources.

Near-Completion Projects:

  • Doctor’s Hospital Flagship Facility
  • Xquisite Yacht operations
  • University of The Bahamas (UB) North Campus
  • Pine Forest Park

Real Estate Resurgence

Minister Moxey emphasized that these capital injections are also fueling a real estate boom.  “Buildings are going up or being refurbished. Real estate is on the rise.  Grand Bahama is having traffic jams,” she added to laughter in the chamber.

The private sector is confirming the momentum.  According to HG Christie, “With major developments in motion and rising investor confidence, demand for Freeport real estate is accelerating.”  Sarles Realty echoed that view, saying, “All our agents are busy in every level of the market.”

The Airport: A Missing Piece

However, amid the optimism, one glaring omission remains: a full update on the Grand Bahama International and Domestic Airport redevelopment.

While Moxey did confirm that an MOU with the Manchester Airport Group had been executed and that design revisions were in progress, she did not disclose a financial figure, nor did she give a timeline for vertical construction.

“Design adjustments were required to be made to the overall footprint of the terminal building,” said Moxey, linking the changes to the broader Grand Lucayan redevelopment.  “These adjustments are underway, and we anticipate vertical construction to begin soon.”

This leaves residents and stakeholders cautiously hopeful, especially considering that the airport is central to delivering the surge in tourism numbers and creating a strong first impression for visitors.

Grand Bahamians Returning

Beyond the steel and cement, Minister Moxey said she sees another sign of progress: the return of Grand Bahamians who once gave up on their hometown.

“We’re seeing a return of Grand Bahamians who had given up hope,” she said.  “We are building Grand Bahama not just for today but creating a sustainable economy for the long term.”

In her address, Moxey said that the economic engine is no longer sputtering but gaining steam, powered by long-awaited developments now gaining traction under the Progressive Liberal Party government.

“Grand Bahama is being rebuilt, block by block, investment by investment — and finally, the world is starting to take notice,” she said.

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

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

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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

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