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Vision: Project Description

Sports and development often work hand in hand. Ghana’s Black Stars are known the world over and has helped create a positive brand for the country of Ghana. The Football Association in collaboration with the government and private partners has successfully developed the sport with facilities such as stadiums and pitches for training around the country. Ghana Ocean Racing Club was approved by the National Sports Council in April 2012 as the 1st ever African round the world boat racing team. Team Ghana’s mission is to compete in round the world races such as the Barcelona World Race, Vendee Globe, and the Volvo Ocean Race as well as develop the relevant infrastructure at home. In the tradition of Kwame Nkrumah and in keeping with Ghana’s history, this is the first ever round-the-world boat racing team in all of black Africa and has already garnered international attention.

TBOR is exclusively working with Ghana Ocean Racing Club and its international supporters to develop the infrastructure necessary to put Ghana on the world stage in one of the most prestigious, adventurous, and most watched sport in the world. We have signed an agreement for Fosu Lagoon, Cape Coast to remediate and develop the race village which will host the team, host a future Volvo Ocean Race stopover as well as local sailing and fishing industry interests. This will begin with extensive environmental and social impact studies to ensure its sustainability for all stakeholders.

Development Plan

Given its central urban location and proximity to historic landmarks, Cape Coast Race Village & Marina City will likely have a higher density and higher value, subject to market absorption, than are currently programmed and modeled. The anchor to this property is Ghana’s national sailing team and training Academy whose headquarters will be based at the marina. We will also be placing a bid for Ghana to become a stopover host city in the renowned Volvo Ocean Race as well as other regattas.









http://takebackourroutes.org/our-projects-2/

http://vimeo.com/84420258
 

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Surely another pie in the sky project? Why be so ambitious and not just build a Marina? A new CBD with huge skyscrapers in a place that currently has the odd convenience store selling provisions and fish and a massive sailing HQ when currently no one sails, are they serious?
 

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iam_ord
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Wow!! I have been following this project since and I thought there is a thread on it.. Its the ghana ocean racing club page.and the seem to be zealous about it.. I hope it comes through
 

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iam_ord
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Surely another pie in the sky project? Why be so ambitious and not just build a Marina? A new CBD with huge skyscrapers in a place that currently has the odd convenience store selling provisions and fish and a massive sailing HQ when currently no one sails, are they serious?


I see nothing wrong with it .. And accra needs to be relived from the stress.. Making this proposed city also the site for the volvo stop over is a plus cos it will attract tourist to this part and generate more revenue..there is also the african upper class that would have been yearning for such. Instead they have to go abroad to enjoy such. For me this is one of the best city plan concieved in ghana.. I could only wish for something similar in accra.. Speaking of building new CBD.. What happened with The adenta pan african cbd brought up???
 

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Surely another pie in the sky project? Why be so ambitious and not just build a Marina? A new CBD with huge skyscrapers in a place that currently has the odd convenience store selling provisions and fish and a massive sailing HQ when currently no one sails, are they serious?
I'm telling you, announcing grandiose projects just makes it easier to abandon them because you can always console yourself and float the excuse around that it was too impossible to realize any way. Most of the projects featured on here are no different.
You are right. Simply building a marina should do the trick. After all, it's easier and way less expensive than putting up a whole city. It gives the impression that the marina can't function without it.
 

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Surprisingly optimistic!
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Surely another pie in the sky project? Why be so ambitious and not just build a Marina? A new CBD with huge skyscrapers in a place that currently has the odd convenience store selling provisions and fish and a massive sailing HQ when currently no one sails, are they serious?
Keep in mind this is in Cape Coast.
 

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iam_ord
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Home Master Plan Contact
Our project members initially set out by launching and supporting Ghana Ocean Racing which is the first-ever African around-the-world sailing team. Efforts to promote Ghana’s new national sailing team are ultimately intended to support Ghana’s Vision 2020 Development Plan. Each team seeking to compete in the international Volvo Ocean Race has facilities in their country which serve for both training purposes as well as a means to host a stopover event. Ghana currently does not have the facilities to host such activities.

CCMC’s mission is to host a future Clipper World Race and Volvo Ocean Race stopover event. Team Ghana plans to participate in the 2015-16 Clipper World Race which will help drive direct investment toward the CCMC project.

In cooperation with the Cape Coast Municipal Assembly, the ocean front property at Fosu Lagoon in Cape Coast, Ghana has been selected as the future destination of choice. At this time, stakeholder approvals have been obtained, initial contract terms have been signed, and permits for the pre-development phase have been issued. Signed term sheets and pre-development round partner discussions are currently ongoing.
Copyright MOD Marketing Agency. All Rights Reserved.
ABOUT CCMC
The property is approximately 600 acres
Located in the central district of the city
Includes 1/2 mile of coastline and offshore area which will be the site of the marina

Cape Coast is located 2 hours West of Accra
45 minute drive East of Takoradi (aka “Oil City”)

Cape Coast is a historic 16th century city
Features old castles and forts
Close to national parks and major tourist attractions
​​
The contribution of tourism to the GDP is 6.7%
Nearly 1M international visitors annually


PROJECT HIGHLIGHTS
Strong Demand
Market studies indicate strong commercial, retail and mixed use demand as well as strong market fundamentals in the trade area surrounding the Cape Coast site. A number of commercial developers and end users have already approached us expressing interest in portions of the site. We expect to receive Letters of Intent and/or contracts from commercial end user buyers as the remediation begins.

Downside Protection
Based on the current interest in the commercial portions of the site, we anticipate robust of sale proceeds. Re-zoning at the local Cape Coast level was initially agreed upon in the MOU and will be finalized pending PPP review process. The entitlement risks associated with the transaction have been greatly reduced given our coordination with local stakeholders. Given the anticipated commercial entitlements, we anticipate a return from the sales of commercial pads alone. This provides a significant amount of downside protection.

Upside Capture
This transaction provides for the potential for a number of supplemental inward investment and development opportunities:

Vertical Development- Much of the master plan relies on vertical development of mid-rise, high-rise and skyscraper for commercial use including a hotel district, office highrise and skyscraper, as well as mixed-use with residential vertical development. This plan fits the growing needs of Cape Coast and the demand for such a development in the region as found in the market studies. We expect to capture this upside opportunity for a positive vertical development outcome.

Energy- The master plan calls for a high density vertically development that will serve as the future host city of a Volvo Ocean Race stopover. Ghana is currently experiencing an acute energy supply shortage due to its fast growth across all segments of its economy. The ability to provide sustainable renewable energy via independent power production within or associated with the property has the potential to generate further returns for the firm and its equity partners.
 

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iam_ord
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Cape Coast to become like Marina city

Plans are far advanced to transform Cape Coast into a Marina City using the Fosu Lagoon to revive economic activities in the ancient city.

The Marina city project worth US$1 billion will transform the Fosu Lagoon into a first class recreational and tourist centre which will help put Cape Coast on the international map.

At a stakeholder’s consultation meeting on the project in Cape Coast last week Friday, Minister of Trade and Industry, Mr. Ekwow Spio Garbrah, explained that the project was a national assignment to rejuvenate economic activities in Cape Coast to rub shoulders with the economically vibrant cities in the country.

According to him, the project will revitalise, elevate modernise Cape Coast since the area has lost all the potential for its development ever since the colonial capital was moved from the place.

“Today we stand at a threshold where this project will become a major national programme to use the environmental rehabilitation of the Fosu Lagoon to convert the city into a modern metropolis worthy of its history and worthy of its name,” he stated.

Mr. Garbrah pointed out that the project will also give meaning to the president’s vision of diversifying sports that is promoting lesser known sports in the country.

“Nobody in Ghana has ever thought of giving attention to marine based sports and this is what the project is all about. We will make a lot of money from sailing, boat racing and even yachting among others,” he revealed.

“So this project will put emphasis on Ghana’s maritime resources and the opportunity to improve and strengthen the fisheries industry,” he added.

He expressed the hope that the marina project will blossom the potential of the nation in other marine sporting activities and make Ghana a stop-over between Europe and South Africa during global water sporting activities every year.

“This is part of the reasons why the ministry of trade and industry is very interested in this project and ready to give it its fullest support,” he revealed.

“With this we want the international community to see Ghana as a country that can host or co-host international marine sporting events,” he reiterated.

He, therefore, charged those with leases within the target of the project to reach an agreement with the project developers to ensure speedy and effective commencement of the project.

Director and co-founder of Cape Coast Marina City Project, Mr. Eyram Hevi, relished that the motivation behind the project was gotten from other sailing teams globally to firmly establish the Ghana Ocean racing club.

“Sailing has about 57 million viewership so if this project comes into being, it will help brand and market Ghana globally,” he hinted.

He disclosed that investors for the project wanted a heavily polluted water body and the Fosu, Brenya Lagoon in Elmina, Sakumono Lagoon in Tema and the Korle Lagoon in Accra were selected but Fosu Lagoon was finally chosen due its strategic location between Takoradi and Accra.

Mayor of Cape Coast, Mrs. Priscilla Arhin, stated that Cape Coast Metropolitan Assembly agreed to partner the project because it will help improve the local economy and create jobs for the people.

Director of the Central Regional Development Commission (CEDECOM), Mr. Spencer Taylor, stated that his outfit will support with all the needed expertise to make the project a success.



Source: Ghana/todaygh.com/FROM MAGDALENE ABROBRAH, CAPE COAST, C/R

so ghana has a few ambitious city projects to look out for.
 

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I'm telling you, announcing grandiose projects just makes it easier to abandon them because you can always console yourself and float the excuse around that it was too impossible to realize any way. Most of the projects featured on here are no different.
You are right. Simply building a marina should do the trick. After all, it's easier and way less expensive than putting up a whole city. It gives the impression that the marina can't function without it.
You're right! The reason goes to buttress my emphasis on "lack of a national integrated development agenda". Now what these micro projects are trying to do, is supposedly solve that problem by trying to create micro economic zones or micro cities to try to solve the maintainability and sustainability problem, which again goes back to rely on foreign funds by way of tourism. It's a national failure, and all 20th and 21st century governments of Ghana to date have failed at it. Wrong way to start a catapult country into upper middle income status. We need smart chaps across the country and across specialties and professions sitting down to develop that plan, that equation, the integrated formula that takes all our resources at their current products and means to establish a working program. In the absence of a really solid, forwarding evolving national development plan that uses national data, am afraid we're running at the same point, and indeed even causing more damage to our credibility as a country to run our own. The shortcut is available now, but to know first what we have by way of adequate and reliable data and a national socio-economic formula that brings it all together. With that, we can speed track the development with competition between regions, development of regional unique characteristics and helping drive our youth and businessmen to be successful. I recall one government even tried to establish a ministry of integration, but the leadership was too old and also lacked bold moves, or not having the real oomph to drive all other ministries and bodies. Lacking this, there is going no where and many of these laudable projects will actually be ideas for better integrated countries in Africa. Remember, like the idea of Ghana as a Gateway to Africa? Guess what, Kenya is doing that much better now.
 

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Even IF this comes around to being build, the actuality would look like some failed building from the 1960s.

Job 600 for all it's faults was a great idea at the time with a lot of vision and thought put into its designs.

Why are these crooks not held accountable for such atrocities?
 
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