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Wednesday, 09 July 2008

By Krystal Knowles
Bahamas Information Services

Musha Cay, Exuma---Investor David Kotkin, known as world famous performer David Copperfield, will invest another $20 million to $30 million to enhance his resort development on Musha Cay at Copperfield Bay in the Exumas.

Mr. Kotkin has already invested some $50 million in the Exuma Cays with his purchase of Musha Cay, Little Lansing Cay and Rudder Cut Cay.

 

 

Minister of Financial Services and Investments the Hon. Vincent Peet toured the resort Thursday (August 17), and held a joint press conference with Mr. Kotkin, who is also chairman of the Isle of Wonder Company LLC.

“Mr. Copperfield will bring his own trade mark to the Musha Cay as well as the Little Lansing Cay and Rudder Cut Cay,” Minister Peet said. “These purchases will provide an opportunity for Bahamians to gain a variety of training and job opportunities.”

“Mr. Copperfield is an environmentally friendly investor and is keeping with the Government’s policy of no damages being done to the environment,” the Minister added.

The Minister also urged Bahamians to take advantage of the opportunities being made available by opening businesses of their own to cater to the new resort development, and not to always be employees.

Mr. Copperfield said even though the Exuma area has a lot of beauty and magic to offer, it was the people that really motivated him to undertake the venture.

“We are basically enhancing what already exists and to make what exists even better,” he said. “The magic which we speak is a little different, that of creativity.”

Mr. Kotkin said the development will now include a drive-in movie theatre, an upgrade of buildings, and the introduction of an aspect of zoology for secondary and tertiary level educational purposes.

In addition, Mr. Copperfield said, new flora and fauna will also be introduced on the Cay and Bahamians will be trained in the various areas to occupy the new job opportunities.

“We will also create a jungle on the Cay that will be home to monkeys and the necessary precautions are being sorted from the government to ensure that this project is executed in best practice standards,” he said.

The 150-acre Cay already comprises a main plantation house, four English colonial-style guest villas, eight cottages, each with private beaches, a complex complete with a pool, gym, three bars, a tennis court as well as an operational aircraft runway on nearby Rudder Cut Cay.

Mr. Copperfield noted that “amazing strides” are being taken from an environmental perspective in regards to the establishment of proper waste management systems for the Cay.

Mr. Copperfield said the resort will remain open for a period throughout the upgrade and anticipates making the resort not only available to the rich and famous but to Bahamians also.

 http://www.bahamas.gov.bs/bahamasweb2/home.nsf/a2adf3d1baf5cc6e06256f03005ed59c/
e08cc240a1e08f9852571d10056f0ca!OpenDocument

 
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