Cape Breton’s famed Cabot Links golf resort has received a $2-million federal loan, bringing total government funding for the luxurious enterprise to almost $17 million.
The interest-free “repayable contribution” will go toward spa facilities, upscale culinary services and tennis courts at Cabot Cliffs at Broad Cove, the sibling golf course to Cabot Links, the Atlantic Canada Opportunities Agency said Friday.
The latest loan will help the picturesque Inverness resort broaden its appeal for families, non-golfers and corporate groups, the agency said.
It’s also part of an effort to attract more visitors to the remote resort and bolster tourism in the province, it said.
“The expansion will strengthen Cabot’s international reputation as a luxury golf destination, bringing more visitors to Cape Breton,” the federal agency said in a news release.
In all, Cabot Links has received $8.5 million in interest-free loans from Ottawa, while the Nova Scotia government has contributed an $8.25 million low-interest loan.
A spokesperson for Nova Scotia Business Inc. said Cabot Links “is in compliance with its terms and conditions” of the provincial loan but did not say how much remains outstanding.
ACOA recently said Cabot Links is on track to repay its loans.
