PRIME Minister Perry Christie said several local contractors and up to 150 persons are being employed to craft the unique facilities of The Cove, Eleuthera as well as the landscaping around the resort.
Speaking at the grand opening of the resort in Gregory Town, Eleuthera, on Friday, the Prime Minister said the resort, in its construction, furnishings and operations, showcases the talent of Bahamians and particularly Eleutherans.
“I am informed that 75 persons will be employed at the operation of the resort, starting now and well over 100 more will be employed upon completion.
“Mr Torres has made a major investment in this much welcomed project, which is having a significant impact on rejuvenating the Eleutheran economy.”
An experienced hotelier, Sidney D Torres IV, who hails from New Orleans, Louisiana, bought the property in July and worked tirelessly planning and executing what he has termed a “rebirth” of The Cove, Eleuthera, a mainstay of the island since it was first built in 1969.
Mr Christie said: “Mr Torres and his construction team have breathed new life into this amazingly beautiful property.
“What bodes well for The Cove obviously bodes well for the people and businesses of the islands of Eleuthera.”
The Prime Minister explained that when he came into office in May 2012, Mr Torres was trying to purchase, renovate and expand what was a hurricane damaged, run-down hotel on a beautiful site.
“I am pleased that my government quickly approved the investment and extended the benefits and tax incentives under the Hotels Encouragement Act,” Mr Christie said.
“Today The Cove celebrates its grand opening re-introducing the resort to the local and tourist communities.
“This milestone is not only significant to the hotel; it is significant to Eleuthera and indeed, the Bahamas.”
He said after completing the purchase of the 40-acre site, which extends over one of Eleuthera’s picturesque rolling hills, set between the highway and turquoise seas, Mr Torres invested $12 million in the project.