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Potential investor wants incentives

If all goes according to plan, a major multi-million dollar theme park development could be coming to Barbados.

United States-based business consultant David Muddiman told Barbados TODAY he was currently in preliminary discussions with local authorities to see if the development could be done through a private/public sector partnership or with Government giving some “special incentives”.

Muddiman said he was not yet in a position to give details. However, he was adamant that if such a development were to take place on the island it would benefit the job market and the tourism industry.

investor 2“The only thing I can share is that this would be a tremendous impact for the job market as well as the tourism dollars which will be brought in. It will be strategic for all parties concerned,” said Muddiman.

“What I would like is for the governing body to invest a minimal amount of dollars for me to market this and proceed with bringing the “right” people to the discussion table. It has been known for quite some time that Barbados is in much need of jobs for the younger generation and the tourism dollars this could bring. What good is it to be the most expensive island in the Caribbean if it scares away the young tourism dollars as well as convention dollars?” he said.

He could not immediately say what the level of investment would be, but explained that before the project could be realized a lot more discussions were needed, adding that he believed in order for the project to materialize “everyone should have ‘some skin in the game’”.

“Like every large scale project there will be some bumps and changes along the way. What would be needed would be for the Government to realize that they will have to give some ‘special incentives’ for such a large investment,” he said.

Muddiman said he was currently in discussion with potential investors for the “theme park brand” to be established in Barbados.

“The idea is to incorporate the theme park with the same branded cruise line,” he said.

“Hopefully the Government will be willing to spend some money to help this along. There is a tremendous amount of due diligence to first see if there will be reasonable return on investment from the project. I am trying to bring these parties together for the development along,” he said, adding that Barbados was “desperately in need of tourism dollars”.

4 Responses to Potential investor wants incentives

  1. J. Payne July 9, 2016 at 9:11 am

    If it is for tourists and placed near the coast, it will be successful. If they do like Ocean Park and build it way in the interior it’ll probably be dead-dead-dead after a few years.

  2. jrsmith July 9, 2016 at 11:59 am

    This scares me our politicians and government cant handle this kind of project , this is way in over they heads we must find the right people who would negotiate on Barbados behalf.

  3. Francis July 10, 2016 at 12:58 am

    These so call investors with no money and a pie in the sky idea.

  4. Sheron Inniss July 10, 2016 at 8:32 am

    I find these investors laughable. Why should the government invest with them or give them all of these incentives? I think they see fools written on C’bbean politicians foreheads. To think of it that seems to be the case as that is just what they do anyhow!!! Yes, I need to shout. These local and foreign business persons just make steupse and say I want to be a politician but not like the kind we have now. By the time I step in it would be the school of hard knocks. NO BEGGING ALLOWED!!! By the time I am finished either we would be in total shambles or totally independent. For right now even though we are celebrating our 50th birthday I posit that we are not anywhere near being independent, but that is another thesis that I could write.


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