Word: chesler
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Dates: during 1960-1969
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...London holding company headed by British Hardware Tycoon Charles Hayward, another 25% to a New York group led by Investment Banker Charles Allen. To build the hotel and supply the other resort and residential amenities, the Port Authority organized the Grand Bahama Development Co., Ltd. with Canadian Entrepreneur Louis Chesler. The Port Authority put up $2,000,000 and 100,000 acres, Chesler $23 million. Today the $100 million pleasure isle is slowly taking shape...
...total Caribbean tourist trade. Some Bahamians feel that their archipelago will soon outstrip Puerto Rico, and Sands predicts a 1,000,000-tourist year by 1971. One new lure: gambling. In the Bahamas' first real plunge, a casino opened its doors this month at Canadian Financier Lou Chesler's Lucayan Beach Hotel on Grand Bahama...