FOREIGN DIRECT INVESTMENT AND THE PEOPLE’S PROPERTY – WHO HAS BENEFITTED AND WHO IS PAYING

The occasion of the nation’s 38th anniversary of Independence , occurring at a time of serious economic crisis and global recession, ought to be a time of deep and sober reflection for the nation. It is certainly a time to take stock of where we have come from but more importantly WHERE ARE WE GOING. What LESSONS have we learned along the way?

Citizens in Defense of Grenada’s Lands and Heritage (CDGLH) has been taking a very special interest in the matter of foreign direct investment and the following people’s property – Islander Hill, Ballast Ground and the Lagoon. We have determined that on around 1962 was the beginning of what might be described as foreign direct investment in this particular property. As we trace the transactions and ‘foreign direct investment “ in the people’s property, we ask the questions: – Who has benefited? Who is benefiting and who is paying?

As a public service, CDGLH has compiled a summary transactions pertaining to the various transactions pertaining to the people’s property as we trace its evolution over the last 67 years from people’s property to the control of Grenada Yacht Services, Lagoon Enterprises, Blue Lagoon, Poole Capital, Port Louis and Camper and Nicholson.  A series of articles, which we hope will enlighten the public and help to provide some of the answers, are present below.

Please find attached the following:

About these ads