Canada-based JB REI International will invest $500 million in Matancitas, a beachside community near San Carlos and Ciudad Insurgentes in the northern
part of the state. JB investors Carolyn Kramer and Bill Grant met with Gov. Narciso Agundez this month to discuss their hotel and golf project near
Puerto Lopez Mateos. The project is expected to break ground in four to six weeks. The investors also will put some money into agriculture to benefit
the local ejido land owners. Ejido is a form of communal land, and the ejidatarios, or landowners, are pitching in some of their land in partnership
with the developers. JB REI International also plans to build a desalinization plant so that fresh organic produce can be grown locally.
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