Coakley International Chief Executive Officer, Shane Coakley has announced that work is scheduled to begin on the dormant Ginn Project within 90 days.
Coakley told ZNS News that his group received government approval three weeks ago. He said, “That is a long process to get that far and right now we’re just waiting to close. So we’re on schedule to close on the property.”
The 2,000 acre site, worth nearly $3.7 billion is located in West Grand Bahama. The project has been dormant since 2008.
Coakley says he has received high interest from local contractors about the project. “I was in the West End and these Bahamian contractors approached me they said you’re Bahamian, we better get the jobs first. I said yes sir, you will get the jobs first. So we’re going with Bahamian contractors first. If I can’t find it here in The Bahamas then I will go elsewhere to get it but Bahamians first,” he said.
The Coakley International CEO also shared what the finished project will deliver. He said, “expect 3,000 jobs, expect hotels, expect private residences high as $30 million. Expect the largest superyacht marina in all of The Bahamas, expect a casino. We’re redoing the airport. Our master plan is next level.”
