King’s House Foun­da­tion con­tin­ues to lobby for real es­tate project

Jamaica Gleaner - - BUSINESS - Steven Jackson tameka.gordon@glean­

KING’S HOUSE Foun­da­tion is hop­ing the de­vel­op­ment of town houses on 10 acres of crown lands will come to fruition un­der the Hol­ness ad­min­is­tra­tion.

The mat­ter was be­fore Par­lia­ment for ap­proval be­fore the Fe­bru­ary 2016 elec­tions.

“Since the gov­ern­ment changed, we had a meet­ing with the Prime Min­is­ter [An­drew Hol­ness] to try and get it back on track. He said that he would look into it so that is where it is at the present time,” said King’s House Foun­da­tion board mem­ber Christo­pher Bovell.

The foun­da­tion had pro­posed to de­velop mid­dle-to-up­per-in­come town houses on a por­tion of the King’s House lands as a means of gen­er­at­ing in­vest­ment in­come for the foun­da­tion, whose job it is to main­tain the Crown prop­erty. King’s House is the of­fi­cial res­i­dence of the Gov­er­nor Gen­eral.

Costs as­so­ci­ated with the up­keep of the 100acre prop­erty have grown bur­den­some over the years, so the foun­da­tion for­mu­lated the realestate de­vel­op­ment project to off­set some of the ex­penses.

Pan-Ja­maican In­vest­ment Trust Lim­ited, a prop­erty con­glom­er­ate, was se­lected to build the units which will sit at the north-west­ern cor­ner of King’s House. The area for de­vel­op­ment borders An­nette Cres­cent on Up­per Water­loo Road.

The King’s House Foun­da­tion was formed over 10 years ago man­age the up­keep of the prop­erty, which at the time had started fall­ing into dis­re­pair, ac­cord­ing to Bovell.

King’s House, the gov­er­nor gen­eral’s res­i­dence, sits on a 100-acre prop­erty in Kingston. The King’s House Foun­da­tion wants to de­velop res­i­den­tial homes on 10 acres as a source of in­come.

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