The Urban Development Corporation (UDC) has handed over the management and operations of the Simόn Bolívar Cultural Centre (SBCC), downtown Kingston to the Institute of Jamaica (IOJ). The keys were handed over on Thursday, April 2, 2015 by Senator K.D Knight, UDC chairman and were received by Ambassador Burchell Whiteman, IOJ chairman.
The Urban Development Corporation (UDC) will engage investors on its suite of product offerings options at the 2015 Jamaica Investment Forum at the Montego Bay Convention Centre from March 10-12.
The Corporation is primarily focused on a mix of opportunities ranging from divestment of properties to rental of spaces at strategic locations as it continues its mandate of making development happen.
The Urban Development Corporation (UDC), the Port Authority of Jamaica and the Ministries of Transport and Works and Agriculture and Fisheries participated in a consultative meeting with fisherfolk from the Sailor’s Hole (Ocho Rios Fishing Village) on February 12, 2015 at the St. John’s Anglican Church in Ocho Rios, St. Ann. The meeting provided for discussion, a broad concept for developing the Fishing Village with works projected to start by February 2016.
The Urban Development Corporation (UDC) has announced a successful divestment campaign resulting in the J$1.3 billion sale of a number of key properties and lease arrangements since the appointment of its current Board in 2012.These properties include Machado Complex (J$104 million), Jamintel Building (J$150 million), Oceana Hotel (J$385 million), Lot 21, (J$75 million), all in Downtown Kingston; the Forum Hotel (J$350 million), St.
The Urban Development Corporation has concluded arrangements to lease the Victoria Pier Building located on the Kingston Waterfront to Yosamini Holdings Limited for a term of twenty five (25) years.
In previous years, the waterfront property housed a popular restaurant, night club and launching pier for harbour tours among other entertainment activities. Similarly, Yosamini Holdings Limited has proposed to transform the property into an ‘A’ class’ restaurant with lounge, sports gaming facility, art gallery and outdoor entertainment area.
The Montego Bay Convention Centre will become host to a 3 day International Conference February 3 - 5, 2015. Formed in 1983, the Caribbean Cable & Telecommunications Association represents cable and telecommunications providers throughout the Caribbean and the programmers, software and hardware suppliers that support their activities.
Patrons who visit Dunn’s River Falls will soon see improvements in customer service with a faster processing time at the gate in line with the facility’s status as a world class attraction. The world famous Dunn’s River Falls and Park in St. Ann, managed by the St. Ann Development Company (SADCO), on behalf of the Urban Development Corporation (UDC), will feature a new ticket entry system by end of May 2014.
The Urban Development Corporation (UDC) held another in a series of meetings with the occupants of the Forum Beach, located in St. Catherine on Thursday, October 23, 2014. The Honourable Colin Fagan, Minister of State in the Ministry of Local Government and Community Development and Member of Parliament (MP) for South East St Catherine was in attendance.