A company called Loreto Cays has invested $200 million pesos into Puerto Escondido for new development. According to El Sudcaliforniano, this money
will be used to build two marinas, 66 houses with private docks, 120 apartments, a boutique hotel, and a beach club. Construction is already underway:
one of the marinas was inaugurated just last week.
This could be a huge boost to Loreto’s economy, but it looks like PROFEPA (Mexico’s environmental protection agency) might be stepping in. According
to this article (Spanish), they’ve placed a moratorium on all new development in Puerto Escondido–right down to the sidewalks. We’re not sure at this
point what this means for Salcedo’s plans, but we’ll keep you posted.
Does this shutdown include the current marina and the launch ramp??windgrrl - 3-19-2013 at 01:07 PM
I walked around the marina 2 weeks ago and there are government legal signs up and yellow tape around the plotted residential areas. My Spanish is
minimal, but it does look like the government has claimed it and the signs mean keep off.
There are still boats in the marina and the road in from the highway is newly paved since our trip down in November. Additionally, there are new
street lights on this road and on the highway leading up to the turn off, underground sprinkling and new have been installed in the marina approach
and the sidewalks have been paved further. There was a Fonatur tour bus taking labourers offsite as we arrived.bill erhardt - 3-19-2013 at 02:01 PM
Quote:
Originally posted by vandenberg
Does this shutdown include the current marina and the launch ramp??
No. The ramp and current marina are operating.
Sale of gasoline/diesel at the marina, however, has been disrupted and may be a casualty of this dispute, or some other.Hook - 3-19-2013 at 02:53 PM
Quote:
Originally posted by vandenberg We’re not sure at this point what this means for Salcedo’s plans, but we’ll keep you posted.
What it likely means is that Loreto Cays is going to have to start paying more people off, to get this through, a la Walmart in Mexico. There should
be no surprise in this or the Walmart affair.
We have had two new casinos open in Guaymas in the last three years. After opening, both were shut down by municipal entities after about a month. One
still doesnt have a liquor license while those "negotiations" continue.
It's the price of doing business in Mexico. It's another reason why the economy in Mexico is so uncompetitive. Just soooo much graft.
