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Founder interest 'four times' higher than Jack's Bay goal

Founder interest 'four times' higher than Jack's Bay goal
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Ex-minister: 'Bahamians must invest in our nation'

Ex-minister: 'Bahamians must invest in our nation'
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'Historic first': Dionisio teams with Sir Franklyn

'Historic first': Dionisio teams with Sir Franklyn
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Sir Franklyn defends $49m Jack's Bay goal

Near-$120m real estate sales to fund build-out
Argues that projections very conservative
By NEIL HARTNELL
[email protected]
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. ....

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