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Feb 11, 2019

A Proposed Margaritaville Resort in the Middle of Bacalar Chico Marine Reserve

There is a new tourism development project on Ambergris Caye to be constructed within a marine reserve. Last week, Margaritaville Holdings, a global lifestyle brand announced its mega multimillion-dollar project on the north end of the island. While the opening is scheduled for 2020, Margaritaville Resort Belize is described as a condo resort located on the unspoiled northern end of the island and within the Bacalar Chico Marine Reserve – a UNESCO World Heritage Site.  You heard right; smack within a reserve, which just recently was removed from the list of world heritage sites in danger. The release says, “overlooking the azure waters of the Caribbean, the resort will be comprised of seventy-one residences, two pools, signature Margaritaville food and beverage concepts and more.” The tourism project is that of singer, songwriter and best-selling author Jimmy Buffett. Today, the media asked Minister of Trade and Investment, Tracy Panton about the project and the implications. 


Tracy Panton

Tracy Panton, Minister of State, Trade & Investment

“The Margaritaville line is monies that have been allocated by the Jimmy Buffett Foundation. They have not yet applied yet for a fiscal incentive; they are still very much in the planning stage. We do understand that they will be meeting with us shortly, so the finer details we don’t have. But we have been advise of the investment and so we are looking forward to opening a new market, a new clientele as a result of their brand.”



“Is this being built in a reserve area?”


Tracy Panton

“I can’t say.”


While the minister is unaware of the scope of the project, News Five has been told that the two hundred million-dollar investment will have on-site amenities to include pools, signature Margaritaville food and beverage concepts, and a beach sports centre. It will also feature a four hundred-foot pier which will serve as the launching pad for kayaks, wave boards and Hobie Cat sailboats.

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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