development
Beach project fiasco in US provides lesson for 7MB
(CNS): The Cayman Islands Government may want to rethink plans to spend CI$21 million on imported sand to replace parts of Seven Mile Beach in front of some of the islands’ most expensive real estate after a half-million-dollar sand dune project in Massachusetts took just three days to wash away. Although the Department of the […]
Cayman eroded
MDR writes: The Cayman Islands, with its stunning coastline and pristine beaches, has been a popular destination for tourists and expatriates alike, most of whom have become Caymanian by way of status. The allure of living or vacationing in close proximity to the ocean has resulted in the development of shorelines throughout the islands. However, […]
79% call for stamp duty increase in CNS straw poll
(CNS): The policy U-turn by Premier Juliana O’Connor-Connolly on a proposal to increase stamp duty in areas with a high concentration of luxury development, such as Seven Mile Beach, is not supported by the majority of CNS readers. According to the results of a straw poll posted here last week, 79% of those who took […]
Premier U-turns on luxury property duty increase
(CNS): Plans to increase stamp duty on luxury properties appear to have been dropped just a few weeks after it was suggested by Premier Julianna O’Connor-Connolly. The possibility of increasing stamp duty was raised in parliament in the UPM leader’s budget address in December, with the implication that the new government was considering raising the […]
Trust backs NCA as development outpaces conservation
(CNS): The National Trust for the Cayman Islands has hit out at those claiming development is being fettered by conservation legislation. The long-established non-profit organisation, which has a permanent seat on the National Conservation Council, has said that it is difficult, if not impossible, to see how the National Conservation Act is stopping development, given […]