Do you need this or any other assignment done for you from scratch?
We have qualified writers to help you.
We assure you a quality paper that is 100% free from plagiarism and AI.
You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)
NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.
NB: All your data is kept safe from the public.
Executive Summary
This document is a proposal of acquiring the Bird Cay Island of the Berry Islands district in the Commonwealth of Bahamas. The proposal requires a funding of $30,000,000. The budgetary analysis for each segment is provided in this document.
It is proposed that the power generation in the island would utilize solar and wind resources with the intention of complying with environmental standards and establishing a pollution free green way of living on the island. Food production on the island would be done in such a way that it would be approximately enough for inhabitants and visitors and tourists to thrive on. Plans for setting up and maintaining farms, poultries, gardens and grooves have been proposed in this document. The business plans for this island is mostly non-profit. It addresses various ecological and environmental concerns. It proposes the institution of a marine aquarium to rescue injured aquatic animals that are in dire need of help.
The aquarium would also be used to conserve rare endangered species that face the peril of extinction. A state of the art learning and research facility would also be established. This would encourage university students from various relevant fields to make trips to the island to work in close proximity with these creatures for their projects. It would also help in making medical and technological advances in aquatic and marine sciences. The island would also be used for founding a creating and protecting nesting grounds for sea turtles program. It would also be used for establishing favorable environments for rare migrating as well as residential birds. Apart from this, although not on a huge scale, tourism would also be promoted on the island. Guest cabins would be built with excellent modern amenities provided for visitors. Holiday packages including fishing, sailing, snorkeling and scuba diving would also be designed. (Semeniuk, 194-208)
The Location
The location under consideration for this project is the Bird Cay, a small tropical island in the Berry Islands district of the Bahamas, and is currently valued at USD 28,000,000. Approximately 220 acres in area, the island is strategically located. It is just a half an hour flight from Nassau, the capital of the commonwealth of Bahamas. Bird Cay is surrounded on all sides by adjoining islands and ridges. Chub Cay is situated on the western edge of Bird Cay with an airfield with standard and chartered flights to Nassau. On the eastern front lies the Whale cay, which too has the services of a 4000-foot landing strip. (VPI, 1)
The island is gifted with stunning sandy coastlines, limpid waters, magnificent ocean views, tender zephyrs, abundant landscaped trail, luscious gardens, tropical palms, casuarinas, along with citrus and coconut plantations. Greenery is plentiful in this island and can be a natural abode to the wild. In addition to that, it also sports a historic two story central lodging that has an excellent ocean view with a natatorium. However the buildings need some remodeling and repairs.
Considering the features of Bird Cay and its relevance to the project, it would not be wrong if said that it is a natural and perfect choice. (VPI, 1)
Working Plans
Power
The project intends to achieve all environment friendly standards and is all for Green. Thus, in case of power generation for the island, the proposal is to make extensive use of solar and wind power. The island is perfect suited for the use of such technology as it is gifted with the natural resources required. In this case the natural resources are sunshine and wind. Due to the geographic location of the island the island receives both in plentiful quantities. Thus use of solar and wind power would prove beneficial both economically and in an environment friendly manner.
The onsite already requires repair. Thus during the renovation, PV (photovoltaic) and thermal solar panels can be used to re-construct much of the building’s outer surface counting the walls, casements and roofing as well. This would help cut down on PV panel installation costs. Solar heating panels are required to be located in proximity of the other apparatuses of the heating system. Thus, they would be combined with PV panels. This would minimize Heating system insulation, channels and ducts.
Building-integral wind turbines would be mounted in a way that the building channelizes wind to the turbines which would in turn increase effectual wind speed to it by a multiple of at least 2 and would also be 4. Doubling-up the wind speed to the blades can amplify their output power by eight times under normal conditions. (Coghlan, 183-191)
Constructing a building-connected electric power generation system and UPS (Uninterruptible Power Supply) generate numerous benefits over the conventional power systems. Standalone PV panels, generators using fuel-burning technology, ordinary lead-acid batteries and flywheels consume expensive real estate. On the other hand integrated UPS, the planned subversive flywheel battery is entailed in the structure and is provided for in the power generation framework. Thus it does not necessitate use of supplementary real estate. Again, ordinary UPS systems require protected inaccessible enclosed areas. Integrated PV panels, on the contrary, facilitate a protected enclosure, and also are not off-limits.
The estimated requirement is of 1000 square meters of PV section which have 10% power translation efficiency, and can produce about 64 KW for a range of 5 to 8 hours per day. Nearly all PV panels’ outlay is below $4 per watt output, and in addition to that they certain to function for 20 years without significant maintenance. Total estimated PV panel outlay stands at $256,000. This system also requires a 5-networked RPM (Regenerative Power and Motion) flywheel battery system, each rated at 15-kw 50-kwh. Estimated installed expenditure post-production ramp-up along with a 20-year guarantee would sum up to $50,000. Thus for this integrated solar power system that generates 10,000 KWH solar electricity on a monthly average along with uniform power supply, invulnerable to network blackouts and voltage drops and off-peak grid power procurement the sum would amount to $3,11,000.
Projected outlay for the 2 windmills proposed for the site, their generators, power electronics, and mounting, would amount to a figure of approximately $30,000. The wind power system would need 2 additional 50-kwh 15-kw flywheel batteries, to supply power on requirement and UPS. Thus the entire machinery along with installation charges and protection costs would require a budget of $75,000. This wind power system gear would also not require extensive maintenance for over a 20-year time span. (Goodwin, 377-391)
So combined solar and wind power generation budget for each unit on the island would amount to $386,000.
Food Production
The island is also endowed with food resources. Thus the project proposes that food production on the island should mostly be internal. Fruits, seafood, vegetable and rice farms are key components of the food production strategy on the island.
The island has abundant supply of ripe tropical palms, casuarinas, along with numerous citrus fruits and coconuts. The setting up of new gardens and maintenance of the already existent grooves of coconut and other fruits is included in food production plans.
The staple food in the region is rice and fish. Due to its excellent geographic location fishing is an easy option for the inhabitants for food. The most frequent edible catches are found to be grunts, porgies or snapper. Whelk, queen conch, spiny lobster, and several species of grouper are found in abundance around the island. In order to make sea fishes a major food source for the island the project intends to acquire a fishing trolley.
To make the food production internal for most parts vegetation on the island is necessary. Thus the plan proposes to set up a well equipped farming facility on the island. The intent of setting up farms is to grow rice, tomatoes, corn and some vegetables. (Font, 15-21)
Also, chicken, pork and lamb are widely consumed forms of meat. Thus a poultry and sheep and pig rearing farm is also planned to provide for tourists as well as inhabitants.
As for financial dedications the fruit production faction calls for less capital investment due to its extensive natural presence. However, to organize current production, setup new gardens and maintain existent grooves a sum of $25,000 is set aside. For the fishing faction $100,000 is proposed. The farming facility requires a huge sum as introducing agriculture on the farm would require a good sum. Thus, a sum of $300,000 is dedicated to the farming facility. And as far as the poultry and meat producing farms are concerned a sum of $75,000 is proposed. Thus, a total sum of $500,000 is planned to be committed for the food producing facility.
Marine Aquarium
The plan proposes the establishment of a state of the art marine aquarium. There is a huge pond located on the southern part of the island. This would be ideally suited to set up the aquarium and would reap huge benefits even though all of them would not be of economic nature.
The main intent of the aquarium would be setting up a mostly non-profit facility for marine animals in need of care and also preservation of endangered species. This aquarium would also be used for rehab, treatment and restoring various creatures who have been injured due to some human ill doing. It is also proposed that an excellent learning facility would be instituted which would spread environmental awareness, facilitate research and provide advances in marine medical and biological fields. The aquarium apart from these purposes would also be used for recreation and entertainment. Visitors to the island would be encouraged to make a trip to the aquarium. Various shows and tours would be arranged for visiting tourists and attendants would be present there to answer any question from the people. This would serve the purpose of spread general knowledge and enhance awareness about the aquatic creatures amongst the common man. Special attention would be given to children and occasional summer camps could also be organized. The research facility would help students from various universities to come and work closely with those creatures on their projects. It would also attract various professionals and researchers working on projects in the relevant fields. (Font, 15-21)
Setting up the aquarium would not be easy and would require funds of huge amounts. Firstly a committee would be needed to be founded who would look after and maintain the aquarium. Proper apparatuses for electricity, lights, water and the livestock would be required. Medical equipments and personnel would also be necessary. Appropriate food and care would be necessitated. Even the maintenance costs for an aquarium of this magnitude go up pretty high. Thus, for all supporting hardware and livestock a sum of $300,000 is allocated by the budget. For medicinal and research facility a further sum of $100,000 is proposed. For the maintenance of the aquarium and care of the creatures a sum of $150,000 is dedicated. Thus, the total budget allocated for the aquarium is $550000.
Wildlife
This plan recognizes the seriousness of environmental changes. It is very concerned especially about the endangered aquatic species. In particular, sea turtles face the grave danger of extinction. This is mainly due to the overdevelopment of the coastlines. The sea turtles swim thousands of miles from the depths of the ocean to come back to the shores to lay their eggs. They lay eggs in huge quantities- mostly in numbers more than hundred. However, they prefer to do it in complete darkness. Even if they see or sense a hint of movement or any light when they arrive on the shore, they turn back and swim into the sea without laying their eggs. Thus due to ever increasing development of the coastlines the sea turtles are left with fewer and fewer nesting grounds. This is the reason they have become endangered. The plan proposes to establish a sea turtle nesting ground program which would possibly create nesting grounds for sea turtles and protect any sea turtle nests they come across. For this, the services of the island would be required and if instituted properly it would be a huge leap towards the conservation of endangered aquatic life. (Diamantis, 151)
The plan also intends to utilize the extensive land expanse as a sanctuary for birds. It proposes to make the island a heaven for bird lovers. Rare migrating birds often face difficulties to find a dwelling place due to the high industrialization rate in the area. Thus hunting would be absolutely prohibited and the island would be nurtured to make the conditions conducive for migrating birds like Baltimore orioles, Kirtland Warbler, Pectoral Sandpiper, Black-whiskered Vireo, Ruddy Turnstone, Cape May Warbler, Orchard Orioles, Tennessee warbler, Swainson’s Warbler, Virginia’s Warbler and the Western Kingbird. The sanctuary could also provide a home for majority of the 28 species of Bahamian birds. (Diamantis, 154)
A sum of $100,000 from the budget is dedicated to wildlife protection.
Social Responsibility
On complete execution of the plan, when the proposal would be fully operational, there would be more than 50 people resident on the island with their families. To provide them a good quality of life measures must be taken. A professional teacher would be hired to provide education to the children of the residents. Later, plans can be devised to develop a social life for the people of the island.
Tourist Accommodations
In its fully operational form the island is likely to become a major tourist attraction. Guests from all over the globe would be encouraged to come to the island and share the magnificent experience of the natives of the island. Although a huge resort is not planned for at this moment, providing a decent and comfortable accommodation to the guests is imperative. As far as the plot for the guest cabins is concerned it has been decided that it would be build on the eastern side of the island opposite to the village on the western side. Though modest, it would have all the facilities and modern amenities a good resort has but on a minuscule scale. The architecture of the cabins would be similar to the tropical cottages and would provide an excellent view of the ocean. It would turn out to be an ideal recluse which could be offered as a respite to the people often living a hectic scheduled life. People may choose to come in a small group and relax during the weekend or during the holidays. Three cabins, each housing two people would be built. Services of proper architects and construction professionals would be hired. (Goodwin, 377-391)For this purpose, a budgetary expense of $150,000 is estimated.
A Complete Experience for the Visitors
The plan also puts forward the importance of providing the guests with a complete holiday package, which would be good enough to make them content. The beautiful natural environment and serene sea beaches offer an admirable experience to nature enthusiasts. Bird watching would be a major activity on the island after the bird sanctuary is fully operational. The marine aquarium would also prove to be a major attraction for tourists. Various shows and learning facilities would be recommended to the visitors. They would be encouraged to join in the daily activities of the residents of islands and complete hospitality would be extended to them. Apart from this, recreational activities such as fishing, sailing and scuba diving would also be part of the tourist packages. Berry islands house the famous Mamma Rhoda Rock, an underwater patch featuring an approximately 16ft/5m high reef formed like the deer’s antlers, which makes it a breathtaking snorkeling paradise. (Diamantis, 157)
The propinquity of the island to the Grand Bahaman Banks and Tongue of the Ocean allow tourists to go on a fishing or scuba diving spree. Some adventure sports such as rock climbing and skiing is also offered by some neighboring islands. Such packages cost around $200 per person on nearby islands. The resorts charges around the islands also range from $100 to $150. The proposal also provides for spiritual healing for clients to ensure complete relaxation. Services of a therapist, a respiratory therapist, a crystal healer, a yoga instructor, and several artists for art therapy would be available to them at moderate costs for the complete vocational feel. Once these plans come into execution, cash inflow would commence on a regular basis, which would help to sustain these services. (Font, 15-21) Thus, an initial investment of $300,000 would be beneficial to the economy of the island.
Budgetary Conclusion
After analyzing each area of investment for its needs requirements the following budgetary conclusion may be drawn.
Works Cited
Coghlan, Alexandra; Exploring the role of expedition staff in volunteer tourism; International Journal of Tourism Research; 10, 2, 183-191; James Cook University (JCU), Cairns, Australia, 2008.
Diamantis, Dimitrios; Ecotourism: Management and Assessment; Thomson, 2004.
Font, Xavier & John Tribe; Promoting green tourism: the future of environmental awards; International Journal of Tourism Research; 3, 1, 9-21; Buckinghamshire Chilterns University College, Queen Alexandra Road, High Wycombe, Bucks, HP11 2JZ, UK, 2006.
Goodwin, Harold & Dilys Roe; Tourism, livelihoods and protected areas: opportunities for fair-trade tourism in and around National parks; International Journal of Tourism Research; 3, 5, 377-391; c/o IIED, 3 Endsleigh Street, London WC1H 0DD; International Institute for Environment and Development, London, 2008.
Semeniuk, Christina A.D. Wolfgang Haider, Ben Beardmore, Kristina D. Rothley; A multi-attribute trade-off approach for advancing the management of marine wildlife tourism: a quantitative assessment of heterogeneous visitor preferences; Aquatic Conservation: Marine and Freshwater Ecosystems; 19, 2, 194-208; School of Resource and Environmental Management, Simon Fraser University, British Columbia, Canada, 2007.
VPI; Bird Cay; Islands for rent in Region 5: Caribbean; vladiprivateislands; 2008; Web.
Do you need this or any other assignment done for you from scratch?
We have qualified writers to help you.
We assure you a quality paper that is 100% free from plagiarism and AI.
You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)
NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.
NB: All your data is kept safe from the public.