Sunday, May 14, 2006

The New Urbanism Comes to the Carribbean

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.