Connect with us

Bahamas News

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

Published

on

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.

Bahamas News

OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

Published

on

Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

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

Continue Reading

Bahamas News

BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

Published

on

The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

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

Continue Reading

Bahamas News

VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

Published

on

The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

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

Continue Reading

FIND US ON FACEBOOK

TRENDING