Intertest in Pierhead

"Tourism minister Richard Sealy says he has already received several expressions of interest from serious investors about the proposed Pierhead Project.

The project will comprise a hotel, three blocks of condominiums, a retail area, restaurant complex and parking facilities.

Speaking at the Barbados Hotel and Tourism Association's quarterly meeting, he added that priority should be given to local investors.

"We have to have foreign capital involved but we want the domestic capital as well. I always like to stress that when I talk about investment I do not only mean foreign investment On occasion those two seem to be interchangeable, investment means foreign investment. But investment also means local investment and we have some large enough players in Barbados who have shied away from the tourism industry that I think we can nudge and urge to get involved in something like that the Pierhead /Carlisle Bay activity.""

http://www.cbc.bb/index.pl/article?id=199306