The 80 acres at Morgan’s Point in Sandys/Southampton was owned by Government, while the 37 acres at Southlands in Warwick was owned by Morgan’s Point Limited.
In 2005 Bermudian businessmen Craig Christensen, Nelson Hunt and Brian Duperreault bought the Southlands estate from the Willowbank Foundation and planned to develop a resort.
This plan was met with resistance from segments of the public who wanted the property to be retained in its natural state, so a deal to swap Southlands with the Government owned property at Morgans Point was worked out.
Mr Christensen, Mr Hunt and Mr Duperreault plan to build a luxury resort at Morgans Point, with Mr Christensen saying this morning’s signing “represents a major milestone in the revitalization of tourism for Bermuda.”
The Morgan’s Point project is scheduled to include a luxury hotel and condominium project, a golf course, a marina, boat launching and docking facilities, beach clubs, tennis courts, restaurants, shops and more.
Minister of Government Estates and Information Services Michael Scott said, “Today’s signing reflects a promise made and a promise kept. The Government is holding to its promise to effect the exchange of the Morgan’s Point property in Sandys and Southampton for the pristine Southlands property in Warwick, thereby bringing Bermuda closer to a major hotel construction project and significant development of tourism in Bermuda.
“The Southlands, Warwick and Morgan’s Point, Southampton exchange of land gives legal effect to the statutory undertaking by the Government of Bermuda set out in the Morgan’s Point Resort Act 2011 whereby the Government of Bermuda declared its agreement with the Developers to exchange land at Morgan’s Point in Sandys and Southampton Parishes for land known as Southlands in Warwick.
“Inextricably linked to the exchange and an essential component of the Morgan’s Point Resort Act 2011 is the intention of the Developer to provide a luxury resort on the 80 acres exchanged as freehold and on an additional 140 acres leased from the Government. Today, the promise made and captured in the Act comes to fruition.
“What does this land exchange mean for the average Bermudian? It means new employment opportunities. It means a major boost to the local construction industry, possibly 1,000 construction jobs over a 20-year period. It means significant progress in the provision of a new five-star hotel in which Bermudians can find rewarding career opportunities and jobs across the resort structure.
“It means transformation of the former base lands at Morgan’s Point into a magnificent luxury hotel and condominium project, a world class golf course, a signature beach, marina, boat launching and docking facilities, beach clubs, tennis courts, restaurants and shops. In summary, it means a tremendous, unparalleled enhancement of Bermuda as a destination of choice for visitors – a wonderful complement to the new tourism plan that has just been unveiled,” said Minister Scott.
Craig Christensen, the CEO Morgan’s Point Limited, said, “Today we can announce the completion of the land swap between Southlands and Morgan’s Point. This represents a major milestone in the revitalization of tourism for Bermuda.
“Madam Premier, you have been involved from the beginning and your continued faith in us is heartwarming and greatly appreciated. The Hon. Michael Scott has been an enthusiastic supporter of the Project and extremely helpful in getting us to this point. We would like to thank you publicly for that support.
“Together, with my partners Brian Duperreault and Nelson Hunt, we have worked diligently with the Government to achieve this milestone. We have received much needed support from our friends and colleagues, especially our Attorney Kim White. In particular we need to thank our families for their patience and support for the many years that they stood behind us to achieve this swap.
Mr Christensen continued, ”This land swap represents the beginning of a new chapter and a great deal of work lies ahead. We have a responsibility to deliver to Bermuda this significant development for the benefit of Bermuda and future generations of Bermudians.
“We look forward to meeting that challenge by working with the Government of Bermuda to deliver an outstanding development that all Bermudians can be proud of for many years to come,” concluded Mr Christensen.
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- Premier On Morgan’s Point: ‘Work Has Begun’ | Bernews.com | October 1, 2012
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