Inaugurated by El
Daniel Chávez Siqueiro, Director of
The Mayan Palace Group, officially inaugerated
the new international airport after a $30,000,000
initial investment, according to a story that
appeared October 2, 2007, in the Spanish language
newspaper, El Financiero.
The new airport will accomodate Boeing
737 jets and up to 80,000 passengers a year.
The runway is 2500 meters long and 60 meters
wide. Eventually, the airport will be able
to handle 200,000 passengers per year.
two of the construction project will cost
an additional $30,000,000, which should be
completed by 2009.
The new airport will open Rocky Point
to international visitors and investors. No
longer will development be limited by highway
traffic between Rocky Point and the U.S. border.
Year 5,000 Vacation Homes Sold In Mexico -
Up Fifty Per Cent From 2004 Sales
Last year 5,000 vacation homes were sold
in Mexican beach towns, according to Softec,
a business consulting firm, and the National
Association of Realtors. Four thousand of
the 5,000 properties sold were new construction,
according to Softec.
The properties were sold in
Rocky Point, Puerto Vallarta, Ixtapa, Loreto,
Puerto Escondido and Cancun.
The combined total sales figure
came to $1.5 billion, which is fifty per
cent above 2004 sales, according to Softec.
Non-beach area properties resulted in fewer
than one per cent of total sales.
According to Eugene Towles, a partner with
Softec, Mexico has the potential to sell
300,000 homes per year with a combined market
value of $150 billion dollars.
romo de vivar - artist
Mexico has the potential to
sell one quarter of all world vacation homes,
but significant planning must take place
first, according to Towles.
Increased globalization of
the banking industry will make buying a
vacation home in Mexico simply a matter
of dealing with one's home bank, according
Marina To Open In Two Months On Fidepaz Property
in Baja Sur
announced the opening of a new $70 million
peso marina in Baja California Sur. The marina
is to begin operation in August, 2006, and
is part of the Mar de Cortez Project, formerly
known as the "Escalera Nautica"
The huge construction project
envisions several marinas positioned along
the Baja California coast that will accomodate
sailing and motor yachts cruising Mexican
waters. The plan is to attract more tourists
via sea by opening anchorages along the coast.
The marinas will permit extended cruising
into areas previously accessible only to the
largest ocean going vessels.
The Mar de Cortez Project will
create opportunities for small towns along
the route to become new tourist meccas. According
to John McCarthy, the director of Fonatur,
La Paz is considered one of the favorite destinations
among cruisers ultimately bound for Cabo San
Twenty-nine marinas are to be
constructed as part of the Mar de Cortez Project
over the next fourteen years, said McCarthy.