The Port Lucaya Marketplace in Freeport is confronting a severe economic crisis, with approximately 90% of its merchants struggling to maintain operations amid drastically reduced foot traffic and stalled redevelopment plans. According to Never Smith, president of the newly established Port Lucaya Marketplace Association, numerous businesses have already ceased operations, including Tropical Gyro, Luxe Deli, and Island Divas, while others are barely surviving.
The crisis stems primarily from the closure of the adjacent Grand Lucayan Resort in 2016 following Hurricane Matthew, which historically served as the primary generator of customer traffic. Merchants report that non-food retail establishments, including souvenir, jewelry, and clothing stores, have been disproportionately affected, though food and beverage outlets have also experienced declining sales.
In response to the deteriorating conditions, the association representing approximately 170 tenants has formally requested property owner Peter Hunt to implement temporary rent reductions and engage in direct dialogue regarding redevelopment timelines. Despite outreach efforts spanning several months, merchants report frustration over Hunt’s unwillingness to meet directly with tenants, though he has communicated with other community stakeholders.
The Grand Bahama Port Authority has provided some relief through discounted business license fees, but merchants emphasize that more substantial support from property ownership is urgently needed. The association continues to seek intervention through community leaders, including the Grand Bahama Chamber of Commerce and GBPA co-chairman Rupert Hayward, to facilitate crucial discussions about the property’s future.









