![\"\"](\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/09\/albany.jpg\" "\\"albany\\"")
NASSAU, The Bahamas \u2013 Prime Minister and Minister of Finance Perry Christie congratulated Albany Bahamas, on September 3, 2012, for its expansion and the 650 jobs and millions of dollars in revenue the property\u2019s new phase will be producing in The Bahamas.<\/p>\n
\u201cIt\u2019s one thing talking about a vision.\u00a0 It\u2019s quite another thing to actually see it manifested and then to see the linkages that are being established to make this a real total, integrated and, obviously, very co-ordinated development going on here,\u201d Prime Minister Christie said during the groundbreaking ceremony for the first three buildings of the Marina Residences at Albany.<\/p>\n
Also present for at the groundbreaking were Minister of Tourism Obie Wilchcombe, Minister of Labour and National Insurance Shane Gibson, Minister of State for Investments Khaalis Rolle, senior government officials and private sector stakeholders.<\/p>\n
\u201cToday we reach an important milestone for Albany and The Bahamas, as we break ground on the Marina Residences at Albany, again a unique concept that has never before been executed to this level in The Bahamas,\u201d Prime Minister Christie said.\u00a0 \u201cThis important second phase of construction at Albany is a terrific vote of confidence for the Commonwealth of The Bahamas.\u201d<\/p>\n
Prime Minister Christie said that upon completion of the whole Albany Bahamas property, it would have an investment value in excess of $1.3 billion.<\/p>\n
\u201cNow you can see it, sense it and it is happening right before our very eyes,\u201d he said.<\/p>\n
Prime Minister Christie also pointed out that, according to Albany\u2019s managing partner Christopher Anand, it was one of the only developments in the Caribbean that survived through the recent economic downturn.<\/p>\n
\u201cI would like to thank you, on behalf of the Bahamian people, for being able to withstand the heavy onslaught that impacted the entire world and to be able to continue with the work here,\u201d he said.<\/p>\n
Prime Minister Christie said he recalled that, after many months of \u201cthorough and focused\u201d negotiations during his first term in office, Park Ridge Securities Corporation entered into a heads-of-agreement with his government, on November 2006, to create Albany, which is \u201ca premier resort and residential golf community\u201d situated on some 565 acres on the southwest coast of New Providence.<\/p>\n
\u201cIt is for me to indicate that when I was advised of the vision, I was told that it was going to be developed by the Tavistock Group, which was one of the most proven and accomplished developers of real estate in the world,\u201d Prime Minister Christie said.<\/p>\n
The Tavistock Group, headed by Joe Lewis, partnered with world-renowned golfers Tiger Woods and Ernie Els in the development of Albany.<\/p>\n
He added that Albany Marina hosts a number of mega-yachts, including one owned by a cruise ship company owner.\u00a0 This, Prime Minister Christie noted, bodes well for the future of Albany\u2019s growth and the benefits for The Bahamas.<\/p>\n
\u201cAlbany will continue to attract some of the best, the wealthiest, to our country and, when they come, they have the opportunity to see other parts of The Bahamas and invest in other parts of The Bahamas,\u201d Prime Minister Christie said.<\/p>\n
\u201cWhat you are now demonstrating down here (at Albany), really, is that with vision and proper execution, you are able to do a wonderful job and get a wonderful return on the kind of mixed development that is going on here in Albany,\u201d he added.<\/p>\n
By ERIC ROSE Captions: Prime Minister and Minister of Finance Perry Christie participates in the groundbreaking ceremony or the first three buildings of the Marina Residences at Albany, on September 3, 2012. Pictured from left: Unidentified; Khaalis Rolle, Minister of Investments; Obie Wilchcombe, Minister of Tourism; Prime Minister Christie; Christopher Anand, Managing Partner Albany; and Philip “Brave” Davis, Deputy Prime Minister, Minister of Works and Urban Development.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" A groundbreaking ceremony for the second phase of construction at Albany – Marina Residences – an expansion which means 650 jobs and millions of dollars in revenue.<\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"open","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":[3],"tags":[160,24,118,288],"class_list":["post-25254","post","type-post","status-publish","format-standard","hentry","category-business","tag-albany","tag-construction","tag-development","tag-resort"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/25254","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\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=25254"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/25254\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=25254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=25254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=25254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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