Jamaican casino development faces major setback
Bartlett, who first disclosed the cancellation of the land deal at a post-Cabinet briefing, said Celebration had failed to meet the requirements of the agreement.
"They were given a deadline to start construction," he said, noting that this timeline had not been adhered to.
Celebration Jamaica is one of two companies granted a provisional Approved Integrated Resort Development Status (AIRD) to start rolling out their mega-resorts, the other being Harmony Cove Limited, which is facing its own challenges in tying down financing.
When the UDC announced plans to sell 96.5 acres at Success, Rose Hall, to Celebration for US$40 million, the agency said the deal would close in a year and would be dependent on the casino developer receiving a temporary casino licence. Celebration had hoped to launch construction in January of this year after missing its first deadline.
Celebration's complete casino resort is designed to include 2,000 hotel rooms, a 75,000-square-foot casino & sports book complex, retail space, artisan village, a Caribbean world music entertainment complex, and other facilities.
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