Tomlinson Furniture
Culture Environment News

Cayman Turtle Centre free of long term debt

The Cayman Turtle Centre, the statutory authority in West Bay has confirmed it is now free of all long-term debt. Between 2004 and 2009, the Centre borrowed just over 50 million dollars from Cayman National Bank and First Caribbean International Bank, this was after it was destroyed by hurricane Ivan. The Government has supported the Turtle Centre since then with quarterly equity injection payments in order to repay the debt and assist with operational costs.

“I am thankful for our board of directors, our management team and our staff who, year after year have dedicated their time and their energy in fulfilling our mission, and being free of debt means that in effect, the support that we get from the government can directly focus on our mission,” said Mr. Tim Adam.

Mr. Adam said with the debt paid off, the Turtle Centre can now focus on improving the operations of the business. The Government allocated 8.5 million dollars last year and 9.5 million dollars this year towards the Turtle Centre.

About the author

Seaford Russell jr.

Seaford Russell jr.

Seaford Russell Jr. joined Cayman 27 in the spring of 2018. He started off as a part-time photographer but thanks to his hard-work, dedication and eye for photography, he was offered a full-time position as a reporter trainee. Seaford is committed to bringing the people of Cayman informative and balanced news about what’s happening in the community.

Add Comment

Click here to post a comment
Tanya’s Kitchen
Kirk Freeport – May 2019
Eclipze – Father’s Day
%d bloggers like this: