Skip navigation

This article is more than 10 years old now, but it offers a fairly lengthy discussion on real estate situation that faced Bermuda in the 1990’s.  To briefly recap, the American lease on the property was set to expire, and the US Government decided to not press for a renewal.  The 1990’s were a time of sweeping base closures, as a result of the Soviet Union disbanding and communism crumbling and falling apart.  With not much of a strategic objective, Naval Air Station Bermuda and the Naval Annex were both seen as “Club Med” assignments.  Since Bermuda is so small, the base closures opened up a whole new universe of real estate development.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: