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Article: A REJUVENATED GRAND BAHAMA ISLAND BUSTLES WITH NEW DEVELOPMENTS
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 29, 2003
- Author:
CopyrightCopyright 2003 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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FREEPORT, Grand Bahama - For nearly 12 years, Grand Bahama was our
home away from home, a large, flat, sleepy tropical island with white
coral beaches brushed by clear turquoise waters. This was our escape
from workaday rigors, only a half-hour flight from South Florida. As
an investment, however, it didn't live up to expectations.
When my wife and I decided to sell our condo 11 years ago, what we
left was a tired resort that had seen better days, shunned by
developers despite its lack of taxes on real estate and imports and
proximity (57 miles) to Palm Beach, Fla. Luxury cruise ships and big
US airlines were steering clear of the 530-square-mile island with
its 42,000 residents. Grand ...