- The following is the full Ministerial Statement by Finance Minister Curtis Dickinson on the status of Caroline Bay Development at Morgan’s Point at the former US Naval Annex in Southampton, Bermuda delivered today (July 12, 2019) in the House of Assembly
The then Minister stated: “This loan is for the purpose of meeting reasonable expenses incurred by Morgan’s Point Ltd in connection with the first phase of the project including expenses relating to architecture, design, construction engineering and professional advice and services.
- investment opportunities for Bermudians
- employment for workers
- growth for small and medium sized businesses; and
- an increase in economic activity arising out of a sensible, fair immigration policy
Where these ideals are embraced by developers, existing or prospective, we are open to working together.