However it 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.
Con todo, finalmente logrou unha fonte estable de ingresos cando en 1955 un financeiro de Virxinia, Wallace Groves, comezou co goberno das Bahamas a construír a cidade de Freeport, baixo o acordo de Hawksbill Creek e creou a Autoridade Portuaria de Gran Bahama.