šŸ” Mystery surrounds land ownership near proposed Cayman cargo facility

šŸš¢ Unknown company stands to profit from government development plans

šŸ” Mystery surrounds land ownership near proposed Cayman cargo facility

The identity of the landowners surrounding the proposed Breakers cargo facility site in the Cayman Islands remains a mystery, due to the challenges of conducting land and company searches in the region. However, it has been revealed that CWS Cayman Ltd acquired several parcels of land in the area shortly after the last election, positioning it to potentially profit significantly if the project proceeds. The company's details remain elusive, with the General Registry charging for searches and providing minimal information. An attempt to obtain more information through a freedom of information request was denied. šŸ•µļøā€ā™€ļø

Despite these challenges, it is known that many of the parcels around the proposed site are owned by local, politically connected families, large commercial entities, overseas owners, and other opaque land holding companies. Some of these owners have been advocating for a cargo project in the area for years. The cargo expansion is seen as a necessity due to the growing demand for goods in the Cayman Islands, with the current George Town port nearing its functional capacity. If the project goes ahead, it is expected to attract other related industries to the area, increasing the value of the surrounding land. šŸ“ˆ

Former speaker of the House Mary Lawrence noted that discussions about a commercial cargo port in Breakers have been ongoing for years. As a result, people have been buying land in the area in anticipation of the potential profits that could be made if the project proceeds. Despite concerns about the sustainability of continuous development and unchecked consumption, the current government, like its predecessors, seems set on this path. šŸ—ļø