A Bahamian investor group proposing an $80 million Cultural Village project at Arawak Cay is expected to present a “masterplan and financing” to the Government within “the next few days”, the minister of tourism and aviation told Tribune Business yesterday, with numerous other investors having also expressed interest in the site.
Vincent Vanderpool-Wallace said Gerald Strachan, president and chief executive of Cultural Village (Bahamas), and his fellow investors were readying to submit their concept and accompanying materials to the Government for its review.
Mr Strachan last year said the Cultural Village, which would be situated on 30-35 acres of land at Arawak Cay, could create some 500 jobs during phase one construction and 150-200 full-time jobs.
