The Nassau Guardian is reporting the Replay is onsite at the development, and that the title transfer from Ginn is "imminent".
Bill Green, the chief operating officer of the aptly-named Replay Resorts Inc., told Guardian Business from Grand Bahama the company will take on the title on behalf of the owners and move forward with development.
“We’re trying to make our way through, but I can tell you the title transfer is imminent,” he said.
“We’re at the final stages now and we’re here in person because the title will transfer in the next few days. And we want to make sure if there are decisions made we have boots on the ground.”
Replay Resorts has been brought on to serve as manager of the still unnamed development. Originally envisioned as a $4.9 billion development, it was meant to include houses, condos, an airport, a marina and an Arnold Palmer-designed golf course.
Although many of these elements will likely come to pass, Green told Guardian Business a shift in development philosophy could be underway.
“Taking a look at the master plan, we will make sure it is paced and sized to match the speed of the market,” he explained.
“The houses we build must match the market. Florida purchasers who wanted to build big homes with a strong investment orientation are not so much the focus. Now we’re needing to look in other places and adjust. We also need to gear ourselves to people who spend significant time there because they love the place.”
Green confirmed that the Ginn Sur Mer name has been “taken off of everything”. For now, the staff are simply referring to the site as “Old Bahama Bay”