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The Grand Bahama Port Authority was created to develop and administer the land and thus the city of Freeport was planned and built from scratch. To encourage investment, the agreement allowed the port authority not to pay taxes on income , capital gains , real estate , and private property until 1985—a provision that extended the agreement a ...
Grand Bahama is the northernmost of the islands of The Bahamas.It is the third largest island in The Bahamas island chain of approximately 700 islands and 2,400 cays. The island is roughly 530 square miles (1,400 km 2) in area and approximately 153 kilometres (95 miles) long west to east and 24 kilometres (15 miles) at its widest point north to south.
Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest part of The Bahamas.In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 20,000 hectares (50,000 acres) of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area.
GreenLife Growers, a Bahamian native tree nursery at Young Sound, provides landscaping material to real estate developers and government projects throughout The Bahamas. [30] Commercial fishing remains a mainstay of the island's economy: conch, lobster, snapper and grouper are all commercially harvested for sale locally and in Nassau's fish ...
Christie and Sir Harry Oakes are credited with being the pioneers of commercial aviation in the Bahamas when they established Bahamas Airways Limited in 1936. Bahamas Airways was the first commercial airline in the Bahamas, growing the tourism and real estate sector.
Carnival is currently building a $600 million resort, Celebration Key, on Grand Bahama, while Royal Caribbean's coming Royal Beach Club Paradise Island would be a short drive from New Providence ...