* Near-$120m real estate sales to fund build-out
* Argues that projections 'very conservative'
By NEIL HARTNELL
nhartnell@tribunemedia.net
Sir Franklyn Wilson is defending as "very conservative" projections that the Jack's Bay project will hit up to $48.9m in annual real estate sales by 2023, adding: "We're not selling this like Fried Fish."
The Eleuthera mixed-use resort community's chairman voiced confidence it will shrug off the COVID-19 pandemic and strike its targets because it is seeking "price points lower than what exists" at rival developments such as Albany and Baker's Bay.
Speaking out after Tribune Business obtained forecasts showing Jack's Bay is targeting some $119.652m in real estate sales over its next three financial years to 2023, Sir Franklyn said this would largely be generated from "seven-figure" purchases by the 40 so-called "founder" investors the project is seeking to give it critical mass.