The blue water is so clear you can count every reef, so still you can see the odd cloud reflected in it. Lucy and Jeff have agreed to offer a view from the sky of what wary developers wrought on the ground: shuttered private-island resorts and abandoned luxury hotels marring the landscape, suspended in time by financing woes, criminal investigations, or both. This British territory, largely undeveloped in the 20th century, became a playground for celebrities and the ultrarich as its reputation grew along with the easy money and loose credit of the boom years.

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