The Tribune

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

A $45 million Harbour Island resort development is expected to create 150 construction jobs and 70 permanent posts, it was revealed yesterday.

The Government yesterday signed a Heads of Agreement (HOA) with 4 M Harbour Ltd for the redevelopment of the Harbour Island Marina.

Prime Minister Dr Hubert Minnis said the project, which is set to be completed in two-and-a-half years, will "stimulate" the Harbour Island economy and surrounding communities.

The marina property is set to be redesigned into a luxury mega yacht-based resort community, with a 55-slip marina, clubhouse, restaurants, retail and a resort residential community.

The latter will include single and two-storey town homes with a total of 28 guest rooms, 10 villas and a swimming pool.

Dr Minnis said the project has received "overwhelming support" from Harbour Islanders, who he said "eagerly" await the potential benefits.

"This is part of our desire to provide greater opportunities in the Family Islands. It will serve to encourage Family Islanders to remain on the islands of their birth, enjoy a sustainable future, and provide for the needs of their families," said Dr Minnis.

Michael Wiener, principal of 4 M Harbour Ltd, said he was "grateful" for the opportunity to participate in the development of Harbour Island.

He said he intended to create a job training programme for locals.