Monday, January 28, 2019

Proposed $250M Sterling Hurricane Hole project to boost economy

3,000 construction jobs and 500 full and part-time jobs upon completion

Ground-breaking ceremony for the Sterling Hurricane Hole Community Resort and Marina was held on the eastern end of Paradise Island on Friday, January 25. Pictured from left are Khaalis Rolle; David Kosoy, chairman of Sterling Global Financial; Prime Minister Dr. Hubert Minnis; Bill Green, President, Sterling Global Developments Limited; Stephen Tiller, President and COO, Sterling Global Developments Limited; and Peter Turnquest, Minister of Finance. (BIS Photo/Kemuel Stubbs) 

By Theo Sealy

NASSAU, BAHAMAS – Sterling Global Financial, a multi-faceted financial services firm, broke ground for a multimillion-dollar development on Paradise Island on Friday morning.

Both Prime Minister Dr. Hubert Minnis and Dionisio D’Aguilar, Minister of Tourism and Aviation have touted the project as a much-needed economic boost for the country’s economy.

The development, which is slated to reshape Hurricane Hole on Paradise Island is expected to cost an estimated $250 million dollars.

The investment will be rolled out in three phases over the span of a three-year period, Sterling executives confirmed.  Read more >>