(Source: Courier-Journal)

In the August 29, 2010, edition of the Courier Journal, author Will Weissert writes that Cuba has adopted a free-market reform which allows foreign investors to lease government land for up to 99 years.

According to the article, this change may help the country embrace golf tourism. For decades investment firms have for decades proposed building lavish 18-hole courses surrounded by luxury housing under long-term government leases, writes Weissert.

Cuba modified its property laws “with the aim of amplifying and facilitating” foreign investment in tourism, and that doing so would provide “better security and guarantees to the foreign investor,” the article reports.

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