Lighthouse Point projected to provide $800 million GDP boost
The Disney Cruise Line development at Lighthouse Point, Eleuthera is expected to provide an increase of $805.1 million in Bahamian gross domestic product (GDP) over the next 25 years, according to an economic impact analysis conducted by global forecasting and quantitative analysis firm Oxford Economics.
The findings were published in the heads of agreement (HOA) signed between Disney Cruise Line and the government that was tabled in Parliament yesterday.
“The analysis examined a 25-year timeline, including four years of development and construction and capturing ongoing operations from 2023 to 2043. Over the 25-year time horizon, the project is expected to provide an $805.1 million increase in Bahamian GDP and a $357.5 million increase in Bahamian government revenues,” clause 2.6 of the HOA states.
Disney Cruise Line commissioned Oxford Economics, which used its proprietary input-output model to complete the economic impact modeling, according to the HOA.
The government signed the HOA on March 7 at the Cabinet Office and did not invite the media.
Paige started working as a business reporter in August 2016.
Education: Palm Beach Atlantic University in 2006 with a BA in Radio and Television News