Plans to resurrect Ariel Sands are still on the cards, according to co-owner Michael Douglas.

In an article in Forbes magazine, highlighting the Academy Award winner’s connection to Bermuda and the America’s Cup, Mr Douglas said the redevelopment of the resort was one of several projects he has in the fire.

The story by Bill Springer states: “Douglas is working closely with local experts in Bermuda on the development of the property, and he’s quick to add that being involved in Ariel Sands as a real estate developer is a bit different than just going down to hang out and have fun.

“But he cares about the legacy of the property, and hopes Ariel Sands will give something positive back to the island he obviously loves very much.”

Mr Douglas hails the island as a tourist destination, saying: “Bermuda has some of the best beaches in the world. The water is warm in the summer. The golf courses are gorgeous. The people are sophisticated. And the America’s Cup has really made Bermuda the place to be this summer.”

Ariel Sands shut its doors in 2008, but plans to redevelop the Devonshire resort property have been discussed for years.

Back in 2014 when ground was being broken, the project was billed to be an $85 million luxury resort consisting of 85 hotel keys located in 33 cottages and six suites.

However, a scaled-down version was presented to the Department of Planning in April 2015 with 26 villas and 20 rooms in the main hotel building.

Late last year, Mr Douglas said he had been working to find a new partner in the project to bring some segment to life in time for the America’s Cup.