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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.
Grand Bahama International Airport (GBIA) (IATA: FPO, ICAO: MYGF) is an international airport in Freeport, The Bahamas.It was privately owned until the government of The Bahamas purchased it in April 29 2021 for one Bahamian dollar, a deal they were able to procure largely due to the devastation from Hurricane Dorian, which almost completely destroyed the airport in 2019.
Wallace Groves (20 March 1900 – 30 January 1988) was an American financier and fraudster. After release from federal prison in 1944, he moved to the Bahamas where he founded and operated a free trade zone, resort, and casino development at what would become Freeport, Grand Bahama.
Grand Bahama is the northernmost of the islands of The Bahamas, with the town of West End located 56 nautical miles (64 miles; 104 km) east of Palm Beach, Florida. [2] It is the third largest island in The Bahamas island chain of approximately 700 islands and 2,400 cays.
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 ...
The Bahamas, officially the Commonwealth of The Bahamas, is an English-speaking country consisting of 29 islands, 661 cays, and 2,387 islets. It is located at the north-east of the Caribbean Sea in the Atlantic Ocean north of Cuba , Hispaniola ( Dominican Republic and Haiti ) and the Caribbean Sea , northwest of the Turks and Caicos Islands ...
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The Freeport Container Port (FCP) is a major container port in Grand Bahama, The Bahamas, located just west of Freeport. FCP is owned and operated by Hutchison Port Holdings, and opened on July 16, 1997. [1] [2] Since then, Freeport Container Port has become a major transshipment hub in the Western Hemisphere, earning the nickname ...