Published 3 months ago

Progress promised at Prospect

Summary by Ground News

The government purchased the Prospect Reef Resort in 2005 with plans to convert it into a hospitality-training centre. That project stalled, as did attempts in 2013 to strike a deal with the United Kingdom-based developer Sir Robert McAlpine Group to build a $100 million hotel on the property. The next effort came in 2017, when then-Premier Dr. Orlando Smith signed a $90 million agreement with the ICA Group to finance, develop and operate two hotels, condos, town houses, a marina, a conference centre, and parking lots. But following Hurricane Irma, that deal fell through in 2019 amid recriminations between the government and the developer.

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The BVI Beacon

Progress promised at Prospect

Leaders hope to jumpstart the long-delayed Prospect Reef project by appointing a new oversight board and issuing a request for proposals.

3 months ago

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Progress promised at Prospect

1 Articles

1 Articles

Progress promised at Prospect

Progress promised at Prospect

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