The Turks and Caicos Islands Government has finally given approval to The Shore Club Development in Long Bay, Providenciales, after placing in on hold for close to three years, pending investigations.
A statement from the Interim Government on Friday said that a Development Agreement has been finalised with the Hartling Group, the developers of the Shore Club on Long Bay Beach.
According to the press release: “A substantial due diligence exercise took place before the entering into of the Development Agreement by the Civil Recovery team on behalf of TCIG. The Developers co-operated fully with TCIG in its review. As a result of that exercise, certain civil claims which TCIG felt it had, but which the Developer disputed, have now been resolved by a settlement agreement.
It is TCIG’s policy not to approve any development unless it is satisfied that no improper conduct is associated with the development and its Shareholders/Directors and all outstanding civil issues are resolved to TCIG’s satisfaction; or that its rights are fully protected in the event of such misconduct coming to light in the future: all new development agreements contain robust anti-bribery provisions.”
The government statement added that as a result of the review, it was possible to reach a civil settlement of all issues between TCIG and the Developers, which has enabled the Development Agreement to proceed.
“The terms of the civil settlement are confidential but they include a significant financial contribution to TCIG and warranties regarding past actions and conduct. This civil settlement reflects the fact that there is no legal reason why TCIG and the Shore Club should not advance the development,” the statement continued.
It was noted, however, that the claims brought by TCIG against pilot Richardson Arthur and former Director of Planning Clyde Robinson, and any future claims against other individuals arising out of the sale of land to the development company, will not affect the Shore Club development which can now proceed.
The Shore Club, a breathtaking new Caribbean condominium development by The Hartling Group, is nestled in a private setting along 820 feet of prime oceanfront on the picturesque Long Bay Beach of Providenciales, Turks & Caicos Islands.
Architecturally designed in the traditional Barbadian-style, this project features 85 units within a village-like cluster of low-density buildings, all perfectly designed to offer unsurpassed views, tranquility, and the ultimate in privacy.
The amenities include a guest reception, spa, retail boutique, ballroom, main restaurant, and interior and oceanfront pool and bar areas. With only a handful of access points, and set back from the arched shoreline of Long Bay Beach, The Shore Club ensures a quiet and private environment.
The Shore Club is just two miles from everything Provo has to offer, including fine dining and shopping establishments, a premier golf course and two marinas.
Now that the Shore Club has been given the green light, it should breathe some life into the Turks and Caicos Islands’ construction industry which took a nose-dive over the past three years.
