BAHAMAS DEVELOPMENTS (This is an "Image Map"; click on name of development to go to their website) BIMINI BAY RESORT AND CASINO Developer: RAV Bahamas, a subsidiary olf Miami-based Capo Group Acres: 700 Features: 2,100 Housing Units, a 250 Room hotel managed by Conrad Hilton, a 20,000 square foot casino, small convention center, and 18 hole golf course Status: The first phase is already open, and the entire project is expected to be completed by 2008, or 2009 Website: www.biminibayresort.com GINN SUR MER Location: West End, Grand Bahama Developer: The Ginn Co. of Celebration Acres: 700 Projected Investment $4.9 billion Features: 4,000 condominium and hotel units, 1,800 single family homes sites, two golf courses, marinas, a casino and airplane runway with customs and immigration Status: The government is expected to give its final approval for cconstruction to begin witin the next month (Sept 2006). Ginn will start with the amarinas and golf courses, but full build-out will take 20 years; biggest project ever in Bahamas, including Atlantis Website: www,ginnsurmer.com/ OLD BAHAMA BAY Location: West End, Grand Bahama island Developer: West End Developers Acres: 150 Projected Investment Features: Boutique 49 suite hotel now open; Homesites, lots, 75 slip Marina, Customs House, luxury hotels in historic village of West End Status: Website: www.oldbahamabay.com ABACO CLUB AT WINDING BAY Location: Cherokee, Abacos Developer: Peter de Savary Acres: 528 Projected Investment: Features: Cottages, Villas, golf course, spa, pools Status: Now Open Website: The Abaco Club at Winding Bay BAKER'S BAY GOLF AND OCEAN CLUB Location: Great Guana Cay, The Abacos Developer: Discovery Land Co. of Scottsdale, Arizona Acres: 600 Projected Investment: $500 million Features: Tennis courts, a golf course designed by Tom Fazio, a 185-slip marina, beach cottages and mangrove bungalows Status: Local residents have filed a lawsuit against the project on the grounds that it will harm the environment. The Privy Council in London, which hears legal appeals for the Bahamas, last month sided with the residents, and ordered a halt to construction. Discovery Land Co. hopes to go ahead with the project, it is waiting for a ruling from the Supreme Court in Freeport Website: www.discoverylandco.com/project_bakersbay.html Other relevant websites: http://www.tequilagecko.net/story.htm: well-organized effort to block development; even made a video with background music of Joni Mitchell, Big Yellow Taxi CHUB CAY MARINA AND RESORT Location: Chub Cay Developer: Chub Cay Club Associates, partly owned by Kaye Pearson, Bob Moss and Walt McCrory, all of Ft. Lauderdale Acres: 870 Projected Investment: $300 million Features: 5,000 foot runway with customs and immigration, 219 slip marina, restaurants, dive shop and five bedroom villas Status: The marina opened in June with about half of trhe palnned slipes. Byuild-out is 18 months away Website: www.chubcay.com/ ATLANTIS Location: Paradise Island Developer: Kerzner International of Paradise Island Acres: 171 Projected Investment: $1 billion Features: 2,317 room resort, 7 acre lagoon within a 78 acre "waterscape", a large casino and 63 slip marina Status: First Two Phases opened in 1994 and 1998. More additions are planed for next year (2007), including 600 hotel rooms, 495 condo units, a dolphin interaction and education center, 30,000 square-foot Mandara spa, and a restaurant by celebrity chef Bobby Flay Website: www.theresidencesatatlantis.com RITZ-CARLTON ROSE ISLAND Location: Rose Island, off Nassau Developer: Ritz-Carlton Hotel Co. of Chevy Chase, Md. Acres: 230 Projected Investment $900 million Features: Hotel, 300 slip marina, condominiums, townhouses, and estate homes Status: Developmers received government approval in 2005. Opening is set for 2009 Website: www.ritzcarlton.com/resorts/rose_island BAHA MAR Location: Cable Beach, New Providence Developer: Baha Mar Resorts, a joint venture between Harrah's Entertainment and Starwood Hotels and Resorts Worldwide Acres: 1,000 Projected Investment $1 billion Features: 1,000 room Caesars Resort, Westin and Sheraton hotels, 95,000 square-foot casino, Jack Nicklaus golf course, eco-water park attraction and cherf-branded restaurants Status: Developers received government approval in 2005. Construction is expected to begin in 2007 Website: www.bahamar.com ROYAL ISLAND ELEUTHERA Location: Royal Island, Eleuthera Developer: Cypress Equities, INc. of Dallas, Texas; Roger Stauback, Jack Nicklaus Acres: 440 Projected Investment: Unknown Features: Signature 18 hole, Jack Nicklaus designed course; private residences, spa, natural deep water harbour, 300 slip marina Status: Construction to start early 2007; for golf course, and hotel mid 2007 Website: Royal Island Kimpton to Manage CURRENT CLUB Location: Current, North Eleuthera Developer: The Current Club Group, mainly composed of Mr. Klosky, a licensed realtor in Florida, and Mr. Lopez, his partner, a commercial property developer, also in Florida. Mr. Kas and Mirbod will serve as strategic partners of the development. They are both in the process of developing a 125-acre project in Palm Coast, Florida. Acres: 6 Projected Investment: $8 million Features: An upscale resort/residential community complete with 34 condominium hotel units and villas, marina, restaurant and upgrading of the existing dock. The villas will consist of two and three bedroom units furnished on the inside with tropical hardwood trim, marble, stone and a mahogany finish. Bahamian artwork will highlight the décor of the room. Amenities will include swimming pools, fitness room, business centre and a game room. Status: Ground has been broken, and construction started Website: www.bahamas.gov.bs/bahamasweb2 SKY BEACH CLUB Location: Governors Harbour, Eleuthera Developer: Partnership of Pinnacle Development Partners, LLC and David Sklar of KRA, Inc. Pinnacle Development Partners Acres: 22 Projected Investment Features: 35 Resort Homes designed by David Sklar, clubhouse pool, beach Status: Pending final approval (as of Sept 2006) Website: www.skybeachclub.com FRENCH LEAVE AND SAVANNAH HILL Location: Governors Harbour, Eleuthera Developer: EIC Resorts of State College, Pa. Acres: 356 Projected Investment $120 million Features: Park Yatt boutique hotel, two marinas, condominiums, and oceanfront lots selling up to $3.5 million Status: Developers received government approval in 2004; construction has been delayed (see this story for explanation) Website: www.frenchleaveresort.com COTTON BAY Location: Rock Sound, Eleuthera Developer: Eleuthera Properties, Ltd. Acres: 1,500 Projected Investment: $300 million Features: 114 Home lots, two and three bedroom villas, 32 slip marina and 73 room Starwood Luxury Collections hotle Status: Approved by the government in 2004, the hotel will open in 2007 Website: www.cottonbayeleuthera.com POWELL POINT at CAPE ELEUTHERA Location: Developer: Richard M. DeVos family of Grand Rapids, Michigan. The DeVos family’s principal business is Alticor Inc., the parent company of Amway Corporation Acres: 700 Projected Investment Features: Estate homes, beach villas, town homes, marina Status: Currently under construction Website: www.capeeleuthera.com FLAMINGO POINT Location: Arthurs Town, Cat Island Developer: Barry Beschel Acres: unknown Projected Investment: unknown Features: Oceanfront Lots Status: 80% sold Website: www.catislandlandproperty.coml CRYSTAL MOUNT LIMITED RESORT Location: South Cat Island Developer: Crystal Mount Limited, and a memberof the Royal Family of Qatar Acres: 500 Projected Investment: $26 million Features: Plans include a "Monte Carlo-styled casino," 250-room hotel, 75 villas and at least 100 estate lots; low density" and "eco-friendly,. Status: Government Approved in January 2006 Website: www.jonesbahamas.com/?c=45&a=7028 EMERALD BAY RESORT Location: Great Exuma Developer: EBR Holding Ltd. of Great Exuma Acres: 470 Projected Investment: $150 Features: 183 room Four Seasons hotel, crescent-shaped beach, golf course designed by Greg NOrman, and 150 slip marina able to handle boats up to 200 feet long Status: Opening was 2003, with more condos and single family homes planned Website: www.emeraldbayresort.com FEBRUARY POINT Location: Great Exuma Developer: February Point Resort Estates Ltd. Acres: 700 Projected Investment: Features: Restaurant, laundry services, fitness center, and a fully computerized business centre with secretarial services and Internet connection.luxuriously appointed Club House, lots for sale Status: Open, and expanding with continued selling of lots Website: www.februarypoint.com RUM CAY RESORT MARINA Location: Rum Cay Developer: Montana Holdings of Nassau Acres: 900 Projected Investment: $700 million Features: New Airport Terminal, and hangar, 80 slip marina, hotel and marina village Status: Approved by the government in 2004, the marina and marina vilage are scheduled to open next year (2007); build-out is scheduled for 2011 Website: www.rumcay.com MAYAGUANA Location: Mayaguana Developer: Bahamian Government and "I Group" of Boston Acres: 10,000 Projected Investment: $1.8 billion Features: Plans include expansion of the former U.S. Air Force base at Abraham's Bay to include "the world's longest runway" and a trust fund put aside by the developer to finance infrastructure and public services in the Bahamian-occupied portions of the island Status: Final Plans not approved Website: www.essgroup.com BONDS CAY Location: Bonds Cay, Berry Islands Developer: Antonio de La Rua, Shakira, Roger Waters, Alejandro Sanz, Arturo Rubinstein Acres: 700 Projected Investment LOTS#$$$ Features: Boutique Hotel, Luxury Condominiums, Artists Retreat Status: Mid-2007; first phase of offerings 2010 Website:Forbes Magazine Article CRAB CAY Location: Crab Cay, off Great Exuma Island Developer: Murphy International Development Ltd; Sedona Resorts will manage Acres: 200 Projected Investment 800 million Features: The secluded uninhabited island of Crab Cay will be transformed into an exclusive 200+ acre old-world style ecological oasis for private luxury living, vacationing and yacht harboring. A rare tropical sanctuary, Crab Cay will embody the island's rich history and exemplify the splendor of famous European ports-of-call in a naturally secluded setting Status: Phase one, scheduled for completion by 2009 Website:www.crabcay.com Press Release MAYAGUANA Location: Developer: Acres: 700 Projected Investment Features: Status: Website: MAYAGUANA Location: Developer: Acres: 700 Projected Investment Features: Status: Website: MAYAGUANA Location: Developer: Acres: 700 Projected Investment Features: Status: Website: