News

As published in the Cayman Compass: TUESDAY DECEMBER 18, 2014 The temporary extension of the departure lounge at Owen Roberts International Airport, left, will accommodate an additional 229 passengers when it opens in early January. – Photo: Cayman Islands Airports Authority Work has begun on

A series of tests are under way to determine the impact of the George Town Landfill site on the surrounding environment, including the North Sound.

Citing seven new multimillion-dollar hotel and tourism projects in the works, Tourism Minister Moses Kirkconnell told legislators investor confidence is returning to the Cayman Islands.

The Dart group has bought the old Hyatt resort, the nine-hole Britannia Golf Course and the Beach Suites hotel, which will close following the sale. The historic Hyatt hotel, once an icon of Caymans tourism industry, has not been redeveloped since sustaining significant damage during Hurricane Ivan in 2004.

Sales of condos along Grand Cayman’s Seven Mile Beach up 88% vs last year. New developments in Cayman’s real estate along the Seven Mile Beach corridor include Caribbean Plaza, The WaterColours soon to open, Regent Building. Work moving at a fast pace on the new Kimpton hotel and other Dart projects.

The WaterCplours Seven Mile Beach leads the Cayman Islands luxury property upswing. Having weathered the global economic downturn, unlike other developments in the Caribbean, the WaterColours Grand Cayman seeing property value increases.

Fifteen of the 20 new affordable homes in Bodden Town have been sold or are awaiting bank approval, and the application backlog that has plagued the National Housing Development Trust for more than a year has been eliminated, according to Trust records and board chair George Powell.

Jack Canfield is in a limousine on his way to the Los Angeles airport to catch a flight to Japan when his assistant puts us through. He wants to talk about success, and this seems like a good pulpit to preach from.

Overview of 2012 Cayman Islands Real Estate The WaterColours, Grand Cayman

British Prime Minister David Cameron said he believes British overseas territories and crown dependencies should not be labeled tax havens since they have agreed to take the necessary action on tax information exchange.