Business

Milo B. Butler & Sons to inject $10 mil. in Freeport project

Milo B. Butler & Sons plans to inject more than $10 million in a redevelopment project in Grand Bahama, the company’s Chairman Franklyn Butler told Guardian Business, after he recently toured that project site – the old Winn Dixie complex in Freeport – with Ginger Moxey, Grand Bahama’s new minister.

According to Butler, Freeport is ripe for investment and his company is expected to begin construction on the redevelopment of the Grand Bahama site this month, with an ambition to complete the project by mid-2022. 

“From a Milo Butler perspective, we’ve always been big investors in the city of Grand Bahama, particularly the city of Freeport and so, we have made a commitment that we are going to spend probably in excess of up to $10 million on redevelopment of Downtown Grand Bahama,” Butler said.

“We’re also working with a couple of tenants to see if we can expand the overall redevelopment of the city of Freeport. That’s really what our work has been about. We see the city of Freeport as being a real hub for commercial activity that is really in need of investment. We’re hoping that with our investment in the Winn Dixie site, that would spur further investment.”

Butler, who is also chairman of AML Foods Limited, said the company has signed a lease for 2,000 square feet of store space at the site, as the company will not reopen its Queen’s Highway store after it suffered massive damage during the passage of Hurricane Dorian. 

Butler said Milo B. Butler & Sons and AML believe that their work will be transformational in Freeport.

“We believe there is more growth in Grand Bahama,” he said. “That (former Winn Dixie) site used to be one of the most important sites for Grand Bahama.”

Butler said Milo B. Butler & Sons is always looking for opportunities to expand and transform the company’s legacy business.

“We will continue to partner and be active participants in this economy,” said Butler.

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Chester Robards

Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian. Education: Florida International University, BS in Journalism

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