{"id":243079,"date":"2006-08-18T11:35:36","date_gmt":"2006-08-18T15:35:36","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/2006\/08\/40m-deal-to-boost-grand-bahama"},"modified":"2006-08-18T11:35:36","modified_gmt":"2006-08-18T15:35:36","slug":"40m-deal-to-boost-grand-bahama","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2006\/08\/40m-deal-to-boost-grand-bahama","title":{"rendered":"$40m Deal To Boost Grand Bahama"},"content":{"rendered":"<p>&#8220;Grand Bahama is now moving toward its rightful place in the tourism industry. It&#8217;s never really focused on tourism as it should, and we have always said that Grand Bahama is one of the islands that could offer so much more,&#8221; said Mr Wilchcombe. <\/p>\n<p>Mr Wilchcombe said the new owner of the Royal Oasis, U.S.-based firm World Investments Holdings, has exciting plans for the property. &#8216;They submitted a tremendous proposal. They have shown how they can develop what will become a destination encompassing the International Bazaar and  also the Goombay Park where a multiplicity of activities take place,&#8221; said Mr Wilchcombe. <\/p>\n<p>&#8220;They have demonstrated that they understand what the market demands, and we do believe that with the proper management structure they can be a leader in Grand Bahama,&#8221; he added.<\/p>\n<p> Now that the new deal has been settled after extensive negotiations and after threats of lawsuits from residents of Royal Oasis, he said, &#8220;We&#8217;re seeing light at the end of the tunnel in Grand Bahama.&#8221;<\/p>\n<p>He also said that in the past no government had pushed for the growth of GB&#8217;s tourism industry and pointed out that up to the hurricane of 2004, which destroyed the Royal Oasis, there were a total of 4,000 hotel rooms. Mr Wilchcombe believes there is room for expansion.<\/p>\n<p><small>By: BARRY WILLIAMS, The Nassau Guardian<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent $40 million Royal Oasis deal will boost tourism in Grand Bahama, said Tourism Minister Obie Wilchcombe.<\/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-243079","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243079","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=243079"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243079\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=243079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=243079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=243079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}