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Bahama Islands News, Articles and Information
The 'phenomenal' growth of Freeport 1955 – 1975
A recent editorial in The Freeport News suggested that Freeport has enjoyed 'phenomenal' growth over the past several decades and certainly when Hutchison arrived, the harbour and the hospitality industry received a boost but how does this compare with Freeport's early years?Everything is relative, of course, but I wonder if 'phenomenal' is the right word for the development of the last few decades? For instance, let us compare the recent development to the first two decades of the Freeport venture. From 1955 to 1975, an interlude of a mere 20 years, Freeport grew out of a virgin pine forest to become the undisputed second city of The Bahamas.
A check list of the milestones of these early years is illuminating:
* A major deepwater harbour the most commodious in The Bahamas was constructed by Daniel K.
Discovery Could Rock Archaeology
NEW PORT RICHEY - A tireless prophet with a salt-and-pepper beard and an inviting grin, John Saxer knows that mainstream archaeologists, journalists and folks in Tarpon Springs think he's nuts.They reject his Greek mythology- and archaeology-based theories that Tarpon Springs is the center of the biblical Garden of Eden and the Tampa Bay area coastline was the seaport of Atlantis.
It's been a tough sell, acknowledges Saxer, a 55-year-old bicycle mechanic and bartender who was homeless for much of 2004.
Saxer has been ignored by archaeologists nationwide for the past 18 months, despite offering evidence of what he claims are 6,500-year-old stone ark anchors abundant on land near shorelines in New Port Richey, Holiday and Tarpon Springs.
"It gets scary when you're in front of the field," said Saxer, an amateur archaeologist since his college days at the University of Wisconsin.
Teekay creates master limited partnership
NASSAU, Bahamas, June 12 (UPI) -- Teekay Shipping Corp, based in the Bahamas, will create a master limited partnership for marine tanker and offshore storage assets.To be called Teekay Offshore Partners LP, the new entity is expected to participate in Teekay's investments in the floating production storage and offloading business, the company said Monday.
Teekay expects to file with the U.S. Securities and Exchange Commission a registration statement for the initial public offering of the common units of the master limited partnership in the second half of this year.
A master limited partnership seeks to combine the tax benefits of a limited partnership with the liquidity of publicly traded securities.
Teekay Shipping, which owns 140 tankers, transports more than 10 percent of the world's seaborne oil.
News in Brief
DECKERS (AP) - Drenching rains washed out roads, left behind debris and flooded houses in areas of Douglas County still recovering from the largest wildfire in Colorado history, prompting Gov. Bill Owens to issue an order Saturday for a state disaster emergency.The order allows state and federal assistance in the area where the Hayman fire burned 138,000 acres in 2002.
State officials reported that five homes in Douglas County had flooded and 40 more were threatened, Owens' spokesman Nate Strauch said. Sheriff's officials were still assessing the damage and said they expected to have more information in the next three days.
Douglas County sheriff's spokeswoman Cocha Heyden reported that at least one home had severe damage, but she did not have details.