Gov't reverses decision to sell St James land
The Government has rescinded its approval for the sale of 96.5 acres of land at a section of the Success Estate in Rose Hall, St James, known as North Estate.
The land was to be sold to Celebrate Jamaica Limited for US$40.1 million.
Tourism Minister Edmund Bartlett said this resulted from the entity's failure to execute certain prerequisites for the property's development as an integrated resort, incorporating a casino, among other things.
Bartlett indicated that Celebrate Jamaica was given a six-month timeline within which to carry out certain undertakings which "did not happen".
Bartlett said the property is in "great demand," adding that he is scheduled to meet with several interests who are keen on investing in its development.