The House of Assembly heard today that a fresh era in tourism is on the way as a bill allowing a “critically important” $2 billion resort to be developed at Morgan's Point was approved.MPs from all three political parties praised the Morgan's Point Resort Act 2011, with Shadow Tourism Minister Cole Simons claiming it marked a “new day in tourism”.Former Premier Alex Scott, who first proposed the site to Bermudian developers Craig Christensen, Nelson Hunt and Brian Duperreault, said the legislation paved the way for an “iconic” development, while Bermuda Democratic Alliance MP Donte Hunt told Government: “Great job!”Shadow Public Works Minister Patricia Gordon-Pamplin applauded the Government for bringing forward a bill that would create many jobs and which members on both sides of the aisle could “honestly and fervently support”.The Act finalises a land swap deal between Government and the three developers, which sees them hand over the 37-acre pristine Southlands estate to the public in exchange for 80 acres of brownfield land at Morgan's Point and a lease on another 128 acres.Public Works Minister Derrick Burgess presented the bill, telling MPs the exchange would be a “win-win” for both Government and Southlands Ltd, now renamed Morgan's Point Ltd.He said the proposed development at the former US Naval Annex would include three hotels with a total of 465 rooms, condominiums and residences for single families.There would also be a “magnificent” par 71 golf course at 6,785 yards to be designed by Canadian firm Carrick, he said, as well as a marina, retail shopping, a spa, water sport activities and restaurants.Deputy Premier Mr Burgess added: “I reaffirm the Government's view that the proposed creation of a five-star hotel, a championship golf course and related facilities at Morgan's Point, Southampton, is a critically important opportunity for Bermuda, one that will not only provide a glittering jewel in tourism's crown, but one that will result in myriad benefits for our Island as a whole.”The Act was passed just after 6.30pm after a four-hour debate, with Mr Christensen and Mr Hunt watching from the public gallery.