Investors Consider $3 Million Shipwreck Museum in Grand Bahama

By: - April 18th, 2011

Looking to take advantage of the vast number of shipwrecks in Bahamian waters, a $3 million joint venture could mean a priceless-artifact museum in Grand Bahama. “The clock is ticking at the moment,” said Thomas Dean, the attorney representing the venture, which is comprised of foreign and Bahamian partners. “While they remain interested, I think their efforts would have to be implemented elsewhere if they can’t be implemented in the next 12 months.” The decision hedges on whether the Bahamian government chooses to lift a moratorium on excavating sunken ships.

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