Monday, September 6, 2010

September 06, 2010

Cuba encourages foreign-funded marinas

From the magazine Sail World USA:Cruising sailors are being sought as part of Cuba's push to increase its tourism income. New rules governing the building of marinas by foreign investors promise an upgrade to the available facilities along the coastline of the island country.
The Cuban State Council has issued a decree allowing 99-year leases on state-owned land to be provided to overseas investors for residential construction. This is important as the financial viability of any marina-related development would need things such as condominiums to make then work.
Cruz "With the objective of developing regions that today are virgin, a policy was approved that permits real estate development associated with tourism, fundamentally golf courses, marinas and other complementary tourist investments," Tourism Minister Manuel Marrero Cruz told a news conference at the annual International Tourism Fair in Havana.
To date Cuba has one internationally known marina and two golf courses. There are already a series of projects in various stages of development, including new marina capacity. [...]
Foster & Partners is one of the groups reported to be creating a development for a British-Spanish group at Bahia Honda in the western Pinar del Rio province. As well as golf courses, the development will include a marina with at lease 200 berths and almost 2,000 condominiums.
Developments are also planned Varadero and Jibaco, both to the east of Havana, by Canadian and Spanish investors.
Posted by Renato Perez at 11:53 AM in Sports, U.S.-Cuba relations
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Racing mogul prefers Vegas to Homestead saying 'North Cuba' is not the proper venue

Ollen Bruton Smith, chairman of Speedway Motorsports, would like to see the NASCAR Sprint Cup Series finale raced in an American city.
(fot2) Like Las Vegas, whose franchise he owns. Or Atlanta, whose franchise he also owns. Definitely not South Florida, where the finale has been raced since 2002, at Homestead-Miami Speedway.
"If you're going to do a championship, you've got to do it at the proper place, and I don't think North Cuba is the proper place," Smith said Saturday in Sparta, Ky., quoted by Sporting News and ESPN.
Too many Cubans in South Florida, maybe?
"I was just speaking the truth," Smith said later, by way of explanation. "I thought it was a compliment based on location."
By the way, auto racing has not been staged in Cuba (northern or southern) for more than half a century.
–Renato Pérez Pizarro.
Posted by Renato Perez at 10:04 AM in Sports
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