Developer says it is close to deal with government
Developer Ironwood says local companies and workers will be hired on all aspects of the highway construction project, estimating that the public private partnership will create around 200 jobs.
David Moffitt, owner of the company, said he is hopeful the outline business case for the infrastructure project can be published in March, paving the way for the $360 million golf resort development to proceed.
He said Florida construction firm GLF has been hired as lead contractor as there was no local company that could meet the $50 million performance bond required by Ironwood’s financial backers.
Source:
Cayman Compass