You would really be amazed at the development now going in. There is a big political fight about development of the island. Local Residents claimed it would destroy the reefs because of runoff from the planned development.
When I left (18 mos ago) the developers appeared to be winning. There is a huge development going in near Bakers Bay on the NW end of the island. They were ferrying potential buyers from Marsh Harbor to Bakers Bay in a Hinckley Picnic Boat, so I knew it was out of my price range without asking.