Courtesy of the Cayman Compass
, it appears that the global conquest of the New Urbanism planning paradigm is proceeding quite nicely.
In a speech last week in the Grand Cayman capital of George Town, Dart Realty CEO, James Lammers, discussed the company's new masterplan project, called Camana Bay
, which is currently under construction in the British protectorate.
Built on the typical new urbanist model, Camana Bay is themed as a place where "life blossoms." I am curious as to who the market is for the community. The Cayman Islands, in addition to being the site for shell corporations to dodge US tax laws, is also a popular tourist resort. Given an average per capita GDP of $32,000 (US), I am not sure if the locals are the target for this development.
Perhaps Dart is envisioning another Seaside-type of development? Or maybe Camana Bay is just a convenient way to ship profits made through Dart Realty's parent company, US plastics manufacturer Dart Container
, to an offshore entity as way to avoid taxes.