By NEIL HARTNELL

Tribune Business
Editor

ENDING Freeport's real property tax exemption will "reinvigorate" the city's real estate market, the Grand Bahama Chamber of Commerce's president has been told, as the annual $2,000-$10,000 'carrying costs' will prevent Bahamians and foreigners alike from "sitting on" land.

An anonymous September 22, 2011, letter to K. Peter Turnquest, which has been seen by Tribune Business, argues that property values in Freeport have "remained dormant at best for more than the past 20 years", while areas such as Abaco and its cays, Harbour Island, Paradise Island, Cable Beach, Lyford Cay and Exuma have all seen theirs in ...

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