{"id":245973,"date":"2004-10-26T11:43:51","date_gmt":"2004-10-26T15:43:51","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/2004\/10\/1-2-billion-cable-beach-bahamas-project-moves-closer"},"modified":"2004-10-26T11:43:51","modified_gmt":"2004-10-26T15:43:51","slug":"1-2-billion-cable-beach-bahamas-project-moves-closer","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2004\/10\/1-2-billion-cable-beach-bahamas-project-moves-closer","title":{"rendered":"$1.2 Billion Cable Beach Bahamas Project Moves Closer"},"content":{"rendered":"<p>The proposed $1.2 billion redevelopment of the Cable Beach strip moved a step closer to fruition yesterday after the group behind the project announced it had &#8220;completed a purchase agreement&#8221; to acquire the Wyndham Nassau and Nassau Beach hotels.<br \/>\n<P><br \/>\nThe deal will also see the Baha Mar Development consortium, headed by Lyford Cay billionaire Dikran Izmirlian and featuring US and European investors, acquire the Crystal Palace Casino from US-based hotelier Philip Ruffin.<br \/>\n<P><br \/>\nBaha Mar added that its acquisition of the government owned Radisson Cable Beach resort from the Hotel Corporation  of the Bahamas was now &#8220;imminent&#8221; and it was now entering into Heads of Agreement negotions with the government.<br \/>\n<P><br \/>\nThe consortium said it&#8217;s plans involve developing Cable Beach into a leading resort and gaming destination, and it was negotiating with international hotel and gaming brands to operate the first three hotels in redevelopment.<br \/>\n<P><br \/>\nBaha Mar said an economic impact assessment of the project, prepared by the Glkobal Insight financial analyst firm had estimated that about 4,700 full-time jobs for Bahamians would be created during the first 12 months of construction.<br \/>\n<P><br \/>\n<B>The Tribune<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consortium said it&#8217;s plans involve developing Cable Beach into a leading resort and gaming destination.<\/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":[12],"tags":[],"class_list":["post-245973","post","type-post","status-publish","format-standard","hentry","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/245973","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=245973"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/245973\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=245973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=245973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=245973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}