Wednesday, October 1, 2014

Haiti Pitches a Ritzy Oasis on an Island of Misfortune - WSJ

The Haitian government is seeking partners for a seemingly daunting task: building a world-class resort destination in one of the world's poorest countries. This nation of 10 million people has chosen a 16-mile stretch of largely unoccupied beachfront on the country's southern coast, known as Côté de Fer, on which to build. Haiti's Ministry of Tourism estimates it will need up to $350 million in private investment to develop the area, including infrastructure such as utilities, a sewer system and roads.

The plan calls for a new international airport, an 18-hole golf course and 4,000 new hotel rooms, which would be a 50% increase from the island's current room count. The government is aiming for the first phase of the plan, which includes four hotels and the airport with its own passport station, to open by 2017.

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