The government says it is considering a proposal to use funds from the Citizenship by Investment Programme to fund an EC$ 50 million water park at Fort James.
Two unnamed experts who addressed the Cabinet yesterday further proposed engaging cryptocurrency trading to raise funds for the project.
The CIP Business option requires a US$400,000 minimum investment from each investor, and an ICO (Initial Coin Offering) could possibly raise as much as US$20,000,000 equivalent the government said in a statement.
It assured that the fort will remain public property, and the lands adjoining the eastern shoreline will be leased to Antiguans and other developers for the building of the water park, a hotel, shops, restaurants and other tourism amenities.
The development is intended to serve both residents and visitors when complete “and will match the Nelson’s Dockyard in its attractiveness to history, yachts, foo, and entertainment.”
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As if tourists wanted to find Orlando in Antigua! What are you folks smoking? Such a lovely quiet beach. so important for local recreation and relaxation. It would have to use salt water in any event. What next, I ask you. With all the critical needs that CIP funds could be used for to improve infrastructure, provide affordable housing and FIX THE WATER PROBLEM you are entertaining this proposal?REALLY?
Yes really. With 365 beaches… turning a few into socially festive events is a revenue generating capital investment. Where is the money for housing and water suppose to come from??? Where is the money to maintain the water and housing to come from???? REALLY??? Take a few courses in economics and investment…. then wheel and come again. Teach to fish and not give fish … and all will have a brighter day.
the politicians will all be millionaires by the end of there elected terms included the newly and first time elected
This investment will make Antigua and Barbuda the place that Tourist will be attracted towards.
Our main income is Tourism so im a fan of development , this project will create jobs for the taxi operators, construction workers, chefs, bar tenders, cleaners, farmers, security officers, accountants, IT specialist, landscapers, waiters, dish washers, linesman, pool attendant, public relations officer, customer service rep, General Manager , Air condition serviceman, receptionist, Electrician, Fisher man, craft , hair dresser, life guards, water sports coordinator, Hardware sales , light fixtures , beverages sales, trucking services, etc. To make Antigua competitive with other tourist destinations we need to uplift our industry and these investments will surely benefit us all. Thank you Gaston Brown & Co’s.
Yes thank you for not completing anything. Ft James beach will remain as is I hope.
I wish you could leave your toilet content to your self and let Antigua develop to it’s potential…. just because some politicians not elected have no imagination. Antigua need the forward thinking people who are now running the country!!
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