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Reflections on Freeport, the “Magic City” as it turns sixty

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ElcottProvidenciales, 07 Aug 2015 – The vision of developer Wallace Groves that gave birth to an economic zone on Grand Bahama that would come to be called the Magic City, Freeport, the industrial capital of The Bahamas, legally enabled by the Hawksbill Creek Agreement, turned 60 this week.

The agreement between the government of The Bahamas and Wallace Groves was signed on the 4th of August 1955 and by all accounts, the Freeport experiment was a qualified success.

Built on Pine Barren, by all accounts, Freeport is a modern and well designed city. The name Freeport was derived from the guaranteed long term tax concessions and benefits for financial, commercial and industrial enterprises by port licensees within this one of a kind economic free trade zone. At that time the advantages offered were superior to any being offered in the region.

The 1955 Act specifically stated that “no real property or rates and no real property levies (whether capital or periodic) of any kind shall be levied, charged or collected by the Government within the Port Area or upon or against any land building or structure within the Port Area.”

Additionally, “no personal property taxes or rates and no capital levies and no taxes on capital gains or capital appreciation shall be levied, charged or collected by the Government. No taxes of any kind shall be levied upon or against the earnings of the Grand Bahama Port Authority or against the earnings of a Licensee in the Port Area and outside the Colony.”

The initial vision and business model called for Freeport to be a major shipping hub, taking advantage of its proximity to the North and South American shipping lanes, and an international business center. Under the 1955 Hawksbill Creek Agreement, the Grand Bahama Port Authority established the infrastructure for World Standard Services and Facilities.

The city thrived under the 1955 tax regime and business model but was subject to the radically changing social order that was sweeping across North America and the Caribbean. This social revolution engulfed The Bahamas as it came into its own by bringing all citizens on the periphery of Bahamian society well into the Bahamian mainstream, both socially and economically; this public policy remains a work in progress.

Today, Freeport continues to offer an exceptional business climate for both domestic and foreign direct investment in the aftermath of Hurricanes Frances, Jeane and Wilma one decade ago that caused extensive infrastructural damage; the legal disputes between and the deaths of both of its principals, Sir Edward Saint George and Sir Jack Hayward; the extensions of tax concessions to east and west Grand Bahama beyond the port area; and the ongoing negotiations between the government and relevant stakeholders on the future of the tax concessions enjoyed by port licensees for sixty years.

On Wednesday 29th July 2015, the Parliament of The Bahamas extended the tax provisions for another six months to allow for a more in depth analysis of the local economy and to finalize a strategic economic plan for the island going forward.

On Freeport’s sixtieth birthday, the voices of Grand Bahamians were heard on this decidedly successful commercial experiment, its growth and development over the years, and its promising future. The recurrent themes were the lack of economic activity and job opportunities, especially for our youth.

“I believe that the magic has gone out of Freeport; the drive that the movers and shakers had for Freeport died now…I guess it died with the person who was in charge and when they died the vision died as well” said one resident.

“For the last twenty years Freeport has gone totally down. Since the storms, there was no type of replenishment for Freeport” said another Freeport resident.

“Some people doing okay; some people doing bad so I guess it depends on what you into” was another observation.

“Freeport right now…the state it in, you could see it, it picking up slowly but what needs to really happen right now we need more…basically for the youth more job opportunities” was yet another view.

One lady felt strongly about opening the former Princess Towers and Princess Country Club:
“People need work. They need to do something with that big hotel down at the Bazaar, the Princess, I mean open it up or do something ‘cause people need jobs. Young people coming out of school – they need jobs.”

One observer believed the principals made a strategic error in developing Freeport. He commented on the structure and function of the Freeport model.

“The successful business model created by Wallace Groves was transformed by the Hayward/St George shareholders, who determined that assets critical to the operation of a “Freeport” were to be either partially or completely sold off to outside interests. Under new management those entities became profit centers, thereby increasing operational costs – a disincentive to potential investors; the power company, the Freeport Harbour Company, the airport company and the Grand Bahama Development Company (are just a few examples).”

The complaints about high airport landing fees, the high cost of aviation fuel and the absence of a modern airport post Hurricane Wilma have reached the highest levels of government and will no doubt figure prominently in the current negotiations.

We thank the observers for their frankness and brutal honesty.

In the end we congratulate Freeport on its sixtieth birthday and Bahamians remain optimistic and hopeful of its return to its lofty perch as the “MAGIC CITY.”

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

Bahamas News

Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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BermudAir Launches New York Area’s First Nonstop Service to South Caicos, Now Just a 3.5 Hour Flight from Newark

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Twice-Weekly Nonstop Flights Begin December 20 with Fares from $347 One Way, Creating Direct Access to Salterra Resort & Spa

– New Route Expands BermudAir’s Winter Turks & Caicos Network –

 

[New York, NY – August 20, 2026]BermudAir, the leading premium leisure carrier to Bermuda and the Caribbean, today announced it will introduce nonstop flights to South Caicos from Newark this winter.  The route places one of the Caribbean’s most secluded island destinations just 3.5 hours from the New York area for the first time.

The new service starts on December 20, 2026, operating on Sundays and Thursdays, and will be the only nonstop service to the destination from the New York area.  This seasonal service will operate through April 25, 2027.  Fares start at $347 one way ($773 roundtrip) and go on sale today.

The new South Caicos route creates gives travelers two distinct luxury resort options, with direct access to Salterra, A Luxury Collection Resort & Spa, recently named the No. 1 resort in Turks and Caicos by Condé Nast Traveler.

Set across 85 beachfront acres with a 3,000-foot private white-sand beach, Salterra brings a full luxury resort experience to an island still defined by its historic salinas, pristine waters, bonefishing flats and uninhabited cays. Upon landing at South Caicos International Airport (XSC), guests are approximately 10 minutes from the resort.

While flights go on sale today, the airline’s BermudAir Holidays vacation-packaging division will offer curated travel to South Caicos from next month, featuring flights, hotels and authentic island experiences, with bundled discounts and value-added perks, making it even easier to explore the destination.

Previously BermudAir announced seven new routes to Providenciales in Turks and Caicos, from Newark (EWR), Boston (BOS), Baltimore-Washington (BWI), Raleigh-Durham (RDU), Fort Lauderdale (FLL), St Petersburg/Tampa (PIE) and Toronto (YYZ) which will all start in December except for Fort Lauderdale which begins October 26.

Expanded Winter Season

  • To South Caicos:
  • Twice-weekly nonstop from Newark (Sundays and Thursdays) from December 20 through April 25, 2027.
  • To Turks and Caicos:
  • Weekly nonstop from Newark (Saturdays) and one weekly direct service (Thursdays) from December 19 through April 29, 2027;
  • Weekly nonstop service from Boston (Saturdays), from December 19 through May 1, 2027;
  • Weekly nonstop service from Baltimore-Washington (Thursdays), from December 24 through April 29, 2027;
  • Twice-weekly nonstop service from Raleigh-Durham (Thursdays and Sundays), from December 20 through May 2, 2027;
  • Thrice-weekly service from Fort Lauderdale (Mondays, Wednesdays and Fridays), from October 26 through May 3, 2027;
  • Twice-weekly nonstop service from St Petersburg/Tampa (Mondays and Thursdays), from December 21 through May 3, 2027; and
  • Weekly nonstop service from Toronto (Saturdays), from December 19 through May 1, 2027.

“We’re thrilled to continue expanding our Caribbean network as the premium leisure carrier from North America,” said Adam Scott, Founder and CEO of BermudAir. “Now New Yorkers can fly nonstop to two distinct sides of the Turks and Caicos Islands — Providenciales and the secluded island of South Caicos, home to the exquisite Salterra and Sailrock South Caicos resorts.”

The airline consistently earns Net Promoter Scores of 70+, one of the highest ratings in the airline industry.  All flights will be operated on comfortable Embraer E190 aircraft, offering passengers the airline’s signature warm service and authentic island hospitality.

“South Caicos has always felt worlds away, and that is part of its magic,” said Michael Tibbetts, Founder and CEO of Salterra. “Beginning this winter, guests can fly nonstop from Newark in 3.5 hours, land at one of the newest international airports in the region and be at Salterra minutes later. This route makes a long weekend escape and an extended stay to one of the Caribbean’s most unspoiled islands remarkably easy, without changing the sense of discovery that makes South Caicos so special.”

For more information or to book flights, visit www.flybermudair.com. Salterra will offer dedicated stay packages timed to BermudAir’s Thursday and Sunday nonstop service. To book a stay at Salterra, A Luxury Collection Resort & Spa, visit www.salterra.com

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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