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Jun 6, 2013

Feinstein Stake Bank Project back online

Dean Barrow

Norwegian Cruise Line will have to find a different island for its cruise ship port. But there is another tourism related project in development that far surpasses Norwegian’s hundred million dollar price tag. Stake Bank, originally estimated at US Two hundred and fifty million dollars would include the construction of three luxury hotels, a restaurant and a causeway that would link Belize City to two islands called Drowned Cayes. The causeway and its footprint on the area of Marine Parade to the islands were missing from the original Environmental Impact Assessment.  Stake Bank would be increased in size by a reclamation process and the area would accommodate four cruise ships.  The ambitious project appeared to be shelved but the Prime Minister confirmed that the Feinstein Project is going full steam ahead, minus the causeway.


Prime Minister Dean Barrow

“I don’t know how there was ever a thought that if a project takes place in the south it would divert traffic from Belize City. That cannot be a concern because we made clear to NCL, even at the start of the discussion, that if the project were ever to see the light of day, their sight would be limited to hosting calls only from ships of NCL; no other line would be able to go there. So there was never any question of a conflict between the interests of the Belize City people and the people in the south.”



“With that then, will Stake Bank be reconsidered? Is that off the table?”


Prime Minister Dean Barrow

“No, no, no. But Stake Bank was never jettisoned. Stake Bank in fact was approved, in so far as—I am trying to recollect—the Drowned Caye aspect was concerned. There was a point at which the developer said he wouldn’t necessarily be interested any longer in doing the causeway. I gather he’s now said you know looking at all the dynamics and looking at the economic equation, he would want to put back on the table the causeway and that will be considered in the context of the environmental impact assessment and that sort of thing. That project, the Feinstein Project—because I am not sure whether I should call it Drowned Caye or Stake Bank—the Feinstein Project is very much on the table and at a  juncture where it is almost good to go. I would expect that an M.O.U. could be signed in relation to the Feinstein Project very shortly.”


The stake Bank Project has been in the pipeline for years and the new plans now call for a reduction in the scope of the project.

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6 Responses for “Feinstein Stake Bank Project back online”

  1. busha says:

    what about the interest of conservation IGNORAMOS!!!! ……….!!!!

  2. Simple Simon says:

    Here we go again!!! PM BARROW and his Corrupt Cabinet Ministers catering to RICH DEVELOPERS while the average belizean cant even see the ministers to get a piece of swamp to build on. and when they are fortunate to do so AFTER YEARS OF BACK AND FORTH they still get the ‘RUN around” mr barrow please go home and ask your corrupt ministers to do likewise belize and belizeans deserves BETTER we need a GOVERNMENT THAT WILL WORK to grow and develop Belize not just cater to RICH SPECIAL INTEREST GROUPS AND FOREIGNERS.

  3. Belizean says:

    Finally!! At least 1 item is going through for development. This will definitely put our name out there.

  4. Coco peleao says:

    Simple Simon, your alias seems to really describe you.

    Can you not see the amount of jobs such a project will create? The country needs these types of developments to boost the economy! Jobs, jobs, jobs!

    Mein, would be really nice for us to see beyond our nose and stop depending on politicians to “give us” a piece of land or swamp as u wanna call it. If there are work opportunities, work and go the bank for a loan and get your own piece of land.

    We need to change our way of seeing things.

  5. impartial says:

    very smart! yes please destroy the only natural shield Belize City has against hurricanes!!

  6. Belizean says:

    @Impartial..If that case lets just all move to Canada or elsewhere!! If thats how you look at it this Belize is way too precious for you stinking feet to be on..Can you imagine how many helpless bugs die everyday cuz of you? It seems Belize is to precious for there to be any development at all..yes, lets just stay in the 1400′s…Lets keep on begging for money from other countries.Lets keep having bad internet for the rest of our life. Lets live in our cardboard homes forever and ever..Lets just not even work, lets just sit on our butts and cry about what the GOB is doing and not doing. Lets tell the world to never set foot on our land cuz its too precious..OR? How does it sound now eh?

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