Heard on theMarl Road...
A compend of newsworthyitems making the rounds in our community
... that a deposit has been madeon the $3.1 million mansion built by the developer of Patrick'sIsland, who left Cayman and has now taken up residence in NorthCarolina. It has been suggested that a price of $2.1 million hasbeen offered by the developer of the luxurious $350 million residentialcondominiums and five star hotel along Seven Mile Beach.
... that a number of the major hotels alongSeven Mile Beach have already begun giving some of their staffon Work Permits the option of taking three to six months 'voluntary'leave, while keeping their work permits intact, so that they maybe able to return to work if the present slump in rooms occupancyshould improve.
that one of the three largest construction companies, which hasalready built existing landmark Government buildings, have madea proposal to build the two towers proposed for Government Administration,as a 'lease to own' arrangement. This construction company, whichalready owns prime undeveloped downtown property, has in recentmonths purchased the parking lot adjacent to the former WholesomeBakery (now the Waterfront Centre) for a whopping $3 million.
... that the property located between andincluding the Chocolate Box and West Wind building downtown, waspurchased recently from the Parson Estate by a package liquordistributor for under '$1 million', which was the asking price.