Puerto Aventuras Residents Vote in Favor of Beach Reclamation Project

Despite demands for ‘guarantees’ rising from the audience, precious few were actually delivered as more than 70 owners and condo administrators at the Colonos Assembly Saturday overwhelmingly approved a funding plan for the proposed Fatima Bay beach replenishment project. The vote was a lopsided 1,756 for and 10 against, with condo administrators present casting all their votes in favor. With Saturday’s affirmative vote in hand after a two-hour session, Pablo Besquin of the Oceanus Corp., the company which will engineer and oversee the project, said preparatory work could begin this month and, with the cooperation of the weather, government and other variables, could be completed in eight months.

Puerto Aventuras Beaches

Oceanus estimates the project cost at $913,000 USD, of which $350,000 of quarry stone will be used as in-kind service by Plano 4 developer, Roman Rivera Torres, leaving a project balance of an estimated $751,800. The Colonos has agreed to dedicate fees from future housing construction in Plano 4 to the beach project. The fees would ordinarily be used to build roads. In return, the developer (Fideicomiso) will construct roads and underground infrastructure. Expected future revenue from construction fees over the long haul is estimated at $1,550,000 USD. The beach project cost of $751,800, according to Oceanus, represents 36 percent of the total amount in fees expected over the build-life of Plano 4……

Read the article in its entirety on Pelican Free Press.