caused the delay of three planned high rise apartment buildings at the Boaz Island Village.

The so-called "tower blocks'' with 66 apartments in them would have been built by now, Boaz Island Development Limited managing director Mr. Chuck Newman admitted yesterday.

Whether or not BID Ltd. will go ahead and build the six-storey blocks depends on the recession turning around, Mr. Newman said, adding a decision will be made in the next six months.

Mr. Newman would not say if there were alternative plans for the sites where the "tower blocks'' were set for.

He said sales of existing houses had "picked up a little'' with units being sold on a "regular basis''.

A total of 90 town houses had been built, with 54 being leased to the Canadian Forces for 32 years. However, all 54 will be vacant when the base closes by 1994.

They range in price from $275,000 to $333,000 for a three-bedroom town house.

"We think that's a very good value,'' Mr. Newman said. Although already approved by the Development Applications Board, the "tower block'' plans were resubmitted in June because the approval had expired -- they were again approved. Mr. Newman said the resubmission was only a formality.

The recession has also affected the planned development of seven new condominiums at the other end of the Island.

"The market dropped out so we did not go ahead with building them,'' Convict Bay Development Company chairman Mr. J.J. (Jack) Outerbridge said yesterday.

The plans also had to be resubmitted to the DAB as a formality because approval had expired.

Mr. Outerbridge said there is a chance building the seven condominiums at Convict Bay in St. George's will be scrapped altogether.

They were planned for the "Boetia'' estate above Convict Bay, which the company bought from Government, Mr. Outerbridge said.

"But now someone is interested in buying "Boetia'' and re-doing it so we may end up selling it to them instead,'' he said.