The proceeds from the 20 lots will go to The Fig Tree Foundation, organised for the protection of the Great Guana Cay community.<\/p>\n
The initial start-up of $500,000 was donated by the owners of Baker’s Bay Golf and Ocean Club and a six-man advisory board has been selected to run the foundation in the future.<\/p>\n
The lots will be offered to Guana Cay residents. If they are not sold, Abaco residents will get the chance to buy them. The primary purpose of the 8,000-square-foot lots is residential and a stipulation in the contract is that they cannot be resold for 10 years. <\/p>\n
If they become available for resale, Baker’s Bay must be given first preference.<\/p>\n
For Guana Cay residents who might struggle to come up with $50,000, the Baker’s Bay Golf and Ocean Club has put together a financing plan.<\/p>\n
This is all part of a blueprint put together by the advisory board which is made up of six members.<\/p>\n
They are Carter Redd, Bruce McDaniel, Anne Outten, Blain Sweeting, Donna Sands and Marlina Bethel. <\/p>\n
They will meet monthly and will determine the direction the foundation will take.<\/p>\n
The Nassau Guardian<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"
Residential lots valued at around $1.5 million at the Baker’s Bay development will be sold to Great Guana Cay residents at a knockdown price of $50,000 each.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-242797","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=242797"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242797\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=242797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=242797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=242797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}