FTIL 12 – Buying Your Own Island (Part 2 of 3 part series)

This is a follow-up to FTIL #7 published back in April. The McCaws of cell phone fame (Craig McCaw founded McCaw Cellular and Clearwire) have listed the family’s 780-acre private island also known to the locals as James Island off the coast of Vancouver, BC for a mere… drumroll please, 75MM. The island among other things, used to host a former WWII-era dynamite plant and at one point had population of 800+. For the hefty price tag, amenities are aplenty…

  • Four-bedroom, 5K sq. ft. main residence
  • Six guest cottages
  • Gym, store, staff accommodations
  • Airstrip
  • And most importantly… Jack Nicklaus-designed golf course

The family explained their motivation for the sale – “they have the perfect storm of kids’ activities and no one wants to be left behind.” Huh? Anyway, does anyone have spare $75MM to make the purchase? Especially given the current economic conditions, there’s room to negotiate… Happy hunting!

James Island


About Richard Lee
Experienced finance and operations professional. Currently partner in five companies, adjunct professor of economics at Columbia College and executive contributor to a small business blog (www.SMBmatters.com); following corporate finance, M&A and management consulting tenures with Orbitz and Diamond Technology Partners; and six years of service with the United States Army.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: