SafeHaven deal signed

Ritz-developer Michael Ryan announced Thursday that his companies have entered into a financially conditional agreement to purchase the SafeHaven property.

The announcement followed a members’ meeting called by SafeHaven Golf Course on Wednesday night.

Mr. Ryan said he had refrained from making any announcements about the purchase agreement until SafeHaven had advised its members.

‘It would only be courteous and appropriate that they have the opportunity to tell their members first before it was made public,’ Mr. Ryan said.

‘We understand that members have been informed of [the SafeHaven] position, assuming the purchase agreement concludes as planned,’ Mr. Ryan said.

As a result of the purchase agreement, SafeHaven will no longer be in a position to operate the golf facilities.

However, golfing at SafeHaven will continue.

‘We wish to assure residents and visitors that we value the golfing community and it is our intent to continue, and enhance, the available golf opportunities for Grand Cayman.’

If the purchase goes forward, Mr. Ryan said a substantial study and evaluation of the property would have to be done before any firm decisions could be made for the ultimate form of the site.

‘But quality golf will very likely form a key part of it,’ he said.

Mr. Ryan said he would keep the public informed of developments in ‘an accurate and timely’ manner.

‘We look forward to working with the citizens and residents of Grand Cayman to realise the potential of the SafeHaven area and its golfing facilities.’

Mr. Ryan signed the statement about SafeHaven on behalf of Waterworks Ltd./Fujigmo Ltd.

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