News

Statistical update, RE/MAX Cayman Islands wins awards at International Conference, Shetty Hospital moves ahead, Cayman Island tourism still strong

Dart invests in other Caribbean islands

Construction of the long-planned vehicular underpass on the Esterley Tibbetts Highway at Camana Bay could start as early as next month, according to a Dart spokeswoman.

Having just refinanced nearly US$37 million in debt held over from previous government administrations, the Cayman Islands Development Bank is back in business.

Chief Justice Anthony Smellie announced on Wednesday the specific steps that have been taken to make a new courthouse a reality. He was speaking at the formal opening of Grand Court for 2016 after a ceremonial inspection of a police guard of honor outdoors.

Sales of smaller properties along Grand Cayman’s Seven Mile Beach expected to pick-up in 2014, following price increases in US housing market and increased disposable income of North American middle class that feel financially secure enough to look for vacation property.

A $10 million piece of beachfront property in East End once slated for a Mandarin Oriental Hotel has been acquired by Dart Realty, the developer has confirmed.

Health City has opened a new sleep lab to treat, diagnose and study a range of sleep disorders which doctors believe could be contributing to other illnesses. Patients can spend the night at the lab while doctors monitor brain flow and breathing patterns using sophisticated equipment, including electrodes attached to the head and body.

Mike Bell, who built the Grand Harbour shopping and residential development, died in the U.S. this week. He was 51.

The general mood of tourism is upbeat, and the statistics support it: Arrivals are rising, construction is proceeding, employment is set to expand, and while economic recovery feels wobbly, optimism is guarded and hope springs.