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Rum Cay Project Stalled
Rum Cay Project Stalled
Work on the much-touted $700 million Rum Cay Resort Marina supposedly being developed by Montana Holdings on remote Rum Cay in the southern Bahamas has stalled completely, leaving a gaping hole in the island?s economy, and leading to migration away from home once again for many who had returned in anticipation of work.
Montana Holdings, Little Family Settle Differences over Sumner Point Marina, Rum Cay Economy to Benefit
Montana Holdings, Little Family Settle Differences over Sumner Point Marina, Rum Cay Economy to Benefit
Declaring that the survival of Rum Cay was more important than individual needs, the two parties who had been disputing the ownership and operation of the remote island?s main source of income, Sumner Point Marina, announced today they would work together for what they agreed is ?the betterment of the entire island.?
Rum Cay developer: Upturn in 12 months
Rum Cay developer: Upturn in 12 months
Despite slow sales, the head of the Rum Cay Resorts project is confirming intentions to forge ahead with its second-home component ? pointing to signs of a nationwide development turnaround within the next 12 months.
Rum Cay faring well
Rum Cay faring well
According to Jose Harding of Port Nelson, Rum Cay, residents are faring well so far despite losing power at about 3:30 p.m. today.