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The money has been used to make new office space and upgrade homes.Andrew Dias, General Manager at the West End Development Corporation (WEDCO), said: The work was always in the pipeline but was given fresh impetus as a result an insurance payout from recent hurricanes and the Americas Cup.We are investing an enormous sum of money and we will see the transformation or protection of many buildings.When finished, we anticipate that it will be home to a range of commercial activities adding even more life and more attractions to Dockyard.People will be able to work, rest and play in the Royal Naval Dockyard.Some of the major restorations include work on Prince Alfred Terrace which is being renovated and restored to apartments at a cost of approximately .5 million.I am extremely pleased with the work the contractors have done in such a short space of time, the One Bermuda Alliance MP said yesterday.To think that I was here only a few months ago touring a dilapidated building and now to see it today is truly amazing.
The building will be rented as a commercial space after the completion of the Americas Cup.2017. More than million has been invested in renovating historic buildings at Dockyard ahead of the Americas Cup.
Andrew Dias, general manager at West End Development Corporation, said the landmark building had fallen into disrepair.