Senators will begin debate on a resolution aimed at creating an upscale community for young professionals when the body resumes at 10:00 a.m. next Thursday.
Leader of government business in the senate, Attorney General Sen. the Hon. Carl Bethel says the community that will lie on 83 acres of property near Baha Mar, will be eco-friendly, with community parks, a pool and other amenities.
He says the move is the result of government recognizing the expensive cost of land.
“The cost of land in the Bahamas, especially in New Providence has made it prohibitive for many young Bahamians to achieve their dreams of owning their own homes.
“And whereas the government has determined to make it a priority to make land more accessible and affordable to young Bahamians.
“And whereas the government has identified several tracts of land within the western area of New Providence to be developed as upscale communities where young Bahamian professionals will be able to purchase lots of approximately 95×100 feet for the sum of $50,000.
“Whereas the government will put all the necessary infrastructure in place at the sole cost of the government. such that the lots would be worth $150,000 with all of the infrastructure installed.” Senator Bethel said.