Will the US Miss Out on Cuba’s Golf Course and Construction Boom?
While the US economy continues to struggle especially with construction and land development, Cuba just implemented two new reforms. One allows farmers to sell the food they grow in a free market, possibly beginning basic capitalism which could spread throughout Cuba.
The other reform allows foreign investors to lease land as long as 99 years. European Investors will be building hotels, resorts and golf courses. Of course construction workers, equipment operators, architects, building supply vendors and the like will prosper. But none of these workers or investors will be from the US or economically hard hit Florida, only 90 miles away, because we’re still in the dark ages of diplomacy.