Friday, July 17, 2009
Dear Reader,
A billion-dollar gentrification project is going to transform a forgotten port town in Costa Rica into a major Caribbean hot spot. If you get in on the right side of this massive cash injection, you could make a lot of money.
A billion is a lot to spend on a scheme like this. But Limon needs a lot of work.
For much of the last century, Limon was a company town. The controversial United Fruit Company managed the port, built the railroads and bridges, looked after the colonial buildings, and ran the local businesses.
Back then, bananas were a better business than tourism. When the company pulled out of town in the 1960s, Limon became Costa Rica’s forgotten province.
When the Costa Rica tourism machine began bringing in droves of foreign visitors in the 1980s, it was the northern Pacific coast that most benefited. Even though Limon’s Caribbean coast is far prettier, it’s too hard to get to. But that’s about to change.
The Costa Rican government has decided to develop Limon in much the same way the Mexican government developed Cancun in the ‘70s.
Last month, the Costa Rican President allocated $80 million to kick start the restoration of cultural buildings in Limon and improve the city infrastructure. The rest of the money—$900 million—will come from private investment. When it becomes easier to get here, the tourist stampede is going to be staggering.
The coastline here is the stuff of Caribbean postcards. The sand is white and the water is turquoise. Back from the coast you have the Talamanca mountains. You get magnificent views of the Caribbean and the surrounding mountains and valleys. The breeze is fresh and the wildlife abundant—70% of the coast is protected.
There’s an easy way you can get up to speed on this area.
William Ogen is someone I know who has his finger on the pulse of what’s happening in this part of Costa Rica. He is the developer of the largest project in the area, and his tourism business hosts visitors on fishing, scuba diving and rafting trips—they mostly come from the cruise ships.
William is so excited about what’s going on in Costa Rica’s forgotten province, that he’s hosting a free webinar that will give you an excellent insight into the opportunities in Limon. Of course, he’ll talk a little about his own real estate project, but he’ll also explain to you why he considers this part of Costa Rica to be the best place to live, invest and run a business. You’ll get current real estate prices for the area and even some business ideas.
If you’re interested in finding out more, the webinar takes place on July 29 at 9.00 p.m. Eastern Standard Time. You can sign up free here.
Ronan McMahon
Posted Under:
costa rica, appreciation potential
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