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New Providence The Bahamas – Spearheaded by maste

first_imgNew Providence, The Bahamas – Spearheaded by master developer and real estate visionary Roger Stein, the New South Ocean Development Company’s future $1 billion mixed-use resort project is located on 385 acres of pristine shoreline along the southwestern coast on New Providence Island in Nassau. The exclusive development will encompass a large upscale casino hotel, an intimate five+ star boutique hotel, a lifestyle hotel brand, a mega yacht marina, spa, retail outlets, a world-class tennis center and residential components. The Blue Shark Golf Club, a 7,200 yard, 18-hole championship course recently re-designed by Greg Norman is scheduled to open in late 2008/early 2009.The resort is the third and final location designated by the Government of The Bahamas for a full-scale casino and hotel operation on New Providence. Mr. Stein saw the potential to expand in New Providence and create an upscale retreat with convenient airlift from U.S. gateways. The resort is just a 10 minute drive from Nassau’s International Airport and the destinations has held strong ties to long-established North American and European tourism.Resort development component plans are as follows:Casino Resort Hotel(s): A 1500 room beachfront property including hotel condominium units, casino, large pool complex, spa, conference and entertainment venues and retail and service space. Luxury Boutique Hotel: An exclusive, ultra-luxury beachfront five-star resort, featuring a large world-class spa, gourmet restaurant and beachfront serviced villas. Lifestyle Hotel: A beachfront, boutique hotel catering to the hip and chic market. Golf Course: The 7,200 yard Greg Norman signature Blue Shark Golf Course has plans for a world-class clubhouse and related facilities. Mega Yacht Marina with Marina Village/Retail Space Residential Estates: This component consists of secure residential estate lots, with frontage on the golf course Luxury Residences: To be serviced by the luxury resort adjacent to the golf course and the canal with docking. Racquet Club and Tennis Facilities: A world-class racquet club and tennis training center, run by world famous tennis star will serve as an amenity for visitors and residents.ABOUT ROGER STEIN: Roger Stein, a long time entrepreneur, is the Managing Director and Master Developer of The New South Ocean Development Company LTD, created in 2005 based in New York City. In his previous role as Director of Business Development of Plaza Associates in Raleigh, North Carolina, Stein oversaw negotiations for the firms’ real estate interests. He was involved in the development of the 1.4 million square-foot Crabtree Mall, the largest mall in Raleigh, as well as the Siena hotel in Chapel Hill, a winner of AAA Diamond Awards for Excellence in Food and Rooms.Also an accomplished musician, noted music producer and owner of indie record label Iguana Records, Stein has worked with many international recording artists including Keith Richards, The Neville Brothers, The Meters, Bonnie Raitt, Branford Marsalis and others. Mr. Stein holds a Law Degree from Duke Law School and a B.A. from Skidmore College. He currently resides with his wife and daughter in New York City’s Soho and in The Bahamas.last_img read more

Health Law Subsidies Present Calculation Challenges

first_imgHealth Law Subsidies Present Calculation Challenges The Wall Street Journal reports on the challenges of calculating future income and health insurance subsidies — both of which will have an impact on the health law’s new insurance marketplaces. Meanwhile, The Washington Post reports on how executive-branch and legislative-branch employees will have different experiences with the overhaul.  The Wall Street Journal: Subsidies for Older Buyers Give Health Insurers A HeadacheBut the federal subsidies that make this possible for older people are causing headaches that insurers are struggling to understand. The programs reverse a long-standing tenet of the insurance business: That riskier customers pay more. The subsidies can be far more generous to older people than younger ones, the analysis of Ohio’s marketplace shows (Weaver and Radnofsky, 8/29).The Wall Street Journal: A New Kind Of Insurance Head-Scratcher: Estimating Future IncomeUnder the health law, millions of Americans will face a new test of their fortunetelling skills: precisely predicting their next year’s income. The federal health-care overhaul creates a potentially rich new class of benefits for people — namely, federal subsidies they can use to buy insurance on the new marketplaces created in each state. Eligibility for subsidies is based on income (Radnofsky and Weaver, 8/29).The Washington Post: Obamacare Affects Executive And Legislative Employees DifferentlyExecutive-branch employees won’t automatically lose their existing health coverage when they become eligible soon for the insurance exchanges forming under President Obama’s health care law, according to the federal personnel office. Agency officials began driving that point home this week amid continued confusion and concerns about how the so-called Obamacare legislation will affect health-benefits for federal employees (Hicks, 8/30). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more