Archive for August 20th, 2024
Scranton Park akin to Central Park in NY, says minister
(CNS): The groundbreaking for Scranton Park will take place on 12 September in Kenneth Bryan MP’s George Town Central constituency. The tourism minister, who has championed the ambitious project, even though it does not fall under his portfolio, said it will be like Central Park in New York, providing facilities for everyone in the biggest […]
Unfinished hotel now wants licence for 7MB dock
(CNS): The developers of the Grand Hyatt Hotel, a ten-storey hotel currently under construction at the southern end of Seven Mile Beach, have made an application for a watersports dock, which was not part of the original project. Although there is no specific policy against docks along Grand Cayman’s famous beach, they are very rare […]
CIG debt under control but liabilities still pose problem
(CNS): The Cayman Islands Government’s debt currently stands at $429.9 million, with $48.1 million due within one year, according to the CIG’s latest unaudited accounts published earlier this month. This figure is well within the requirements of the Public Finance and Management Act, with a net debt ratio of just 17.5%, while the law allows […]
