IGY Announces Redevelopment of Rodney Bay Marina
by Carol BareutherIsland Global Yachting (IGY) held a groundbreaking ceremony on November 19 to launch its redevelopment of Rodney Bay Marina on St. Lucia. Slated for completion in late 2008, the new facility will feature 252 fully reconstructed slips including the addition of 30 berths dedicated to megayachts and a refurbished upland component with retail and restaurant facilities. The marina will remain operational during the renovation.
Andrew L. Farkas, IGY’s chairman and founder, says, “We are excited to work with the Government and people of St. Lucia to further develop this property into one of the finest luxury yachting destinations in the world. This renovation will continue to reposition the island of St. Lucia as a major megayacht destination and enhance the tourism industry in Rodney Bay by serving as a port of disembarkation to the southern Caribbean.”
Already considered one of the Caribbean’s leading centers for yachting and sport fishing, the Rodney Bay Marina also offers a 4.5-acre boatyard and is situated in a well-protected hurricane hole. The marina has been the finish destination for the Atlantic Rally for Cruisers (ARC), a grueling 2,700 nautical mile voyage undertaken by more than 230 yachtsmen each year, for the past 16 years.
IGY, one of the world’s premier owners, developers and managers of marina properties and yachting lifestyle destinations and an affiliate of Island Capital Group LLC, purchased the marina in early 2007.