$300M golf resort designed for Louisbourg, N.S. (February 01, 2007)

LOUISBOURG, N.S. – Cape Breton Island (CBI) Developers, based in Sydney, Nova Scotia, is building a $300-million golf and spa resort on 2,500 acres around Grand Lake in Louisbourg, N.S. The Louisbourg Resort Golf and Spa will include two 18-hole golf courses, a convention centre, and 400 luxury homes. Land clearance and home construction has already begun and the first homes are expected to be ready this spring.

CBI Developers will invest $100 million in the project with the rest to come from other private investors and the sale of the luxury homes. The homes, costing $400,000 to $1 million each, will border Grand Lake and the recreational facilities, including a spa and two golf courses, designed by three-time majors winner Nick Faldo.

The project, which is expected to take five to six years, will provide hundreds of construction jobs and 400 permanent positions for the local population. This development represents Cape Breton’s largest-ever private investment in tourism.

For more information www.louisbourgresort.com

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