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It was recently reported in a national newspaper that the Government believes the sale of Walker’s Cay could be sealed by June, placing The Bahamas “back in play” as a top investment destination.

Purchase of Walker’s Cay “Very close!”

It was recently reported in a national newspaper that the Government believes the sale of Walker’s Cay could be sealed by June, placing The Bahamas “back in play” as a top investment destination.

Khaalis Rolle, minister of state for investments, told The Tribune that the sale for Walker’s Cay was “very, very close”, with two rival groups vying to purchase the island.

He said that the imminent purchase is just one indication of the “new life” he and the Bahamas Investment Authority (BIA) were seeing, as investors ‘dusted off’ projects which have been on hold for several years due to the 2008-2009 recession.

“We’re doing some good things,” Mr Rolle said, indicating that the pick-up had been especially noticeable on Abaco. “We are now very close to a deal, we think, to getting Winding Bay restarted. There have been significant talks.”

Mr Rolle, meanwhile, was just as upbeat on the prospects of securing a buyer for Walker’s Cay. While declining to identify the two contenders, he said, “We’ve been having very productive talks on Walker’s Cay.

“We feel it will be finalised by June. There are two proposals. With this one, we’re very close. Very, very close.”

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About Timothy Roberts

Timothy Roberts

Timothy had his first venture into Journalism just months after graduating from Queen’s College in Nassau taking his first job with The Tribune in 1991 leaving in 1992 for other pursuits.

During his time in Nassau he diversified his experiences working as a warehouse manager, locksmith and computer technician before returning to Abaco, a place he has always considered home, in 1999.

He joined the staff of The Abaconian in 2001 doing graphic design and writing an opinion article called Generally Speaking and after a brief time away, returned to The Abaconian in 2010 as a reporter, graphic designer and computer technician.

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One comment

  1. is the proposed redevelopment of Walker’s Cay similar to the last proposal or will it remain a resort open for guests to visit?

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