Subito dopo Edward St. George, con l'aiuto economico di Sir Jack Hayward, sviluppo la società con nuove attività. ###>However the island finally gained a stable source of income when in 1955 a Virginian financier named Wallace Groves began redevelopment with the Bahamian government to build the city of Freeport under the Hawksbill Creek Agreement and create the Grand Bahama Port Authority.