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Old 07-28-2009, 02:28 AM
 
Location: Wherever my feet take me
272 posts, read 1,348,031 times
Reputation: 422

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According to news reports in a number of Mexican publications, FONATUR (Federal Tourism Promotion Fund) has announced that the much ballyhooed Nautical Ladder's final form has been canceled and the assets of the 10 projects that have either been completed or partially completed will be sold. FONATUR, which over the past six years received more than $1500 million pesos of investment for the project from the federal government, made clear that they no longer have a budget for further investment in it.

Juan Manuel Galarza Tohen, Director General of FONATUR port operations, is cited as saying Merrill Lynch will be the financial agent for the divestiture process. The completed marinas include those in Mazatlan, Sinaloa; Puerto Escondido, La Paz and Santa Rosalia in Baja California Sur; San Felipe in Baja California (Norte); San Blas, Nayarit; Puerto Peñasco and San Carlos, Sonora. In an unfinished state are marinas in Topolobampo, Sinaloa and Santa Rosalillita, BCN.

Read more at Nautical Ladder Dead in the Water | Rocky Point Tides

That thing was an over-hyped white elephant since its conception, IMO, and a horrible idea ecologically speaking. I'm very glad to hear of and report on its demise.
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Old 07-28-2009, 06:04 PM
 
Location: SW MO
1,238 posts, read 3,965,735 times
Reputation: 986
Does this include the development plans about 16 miles south of Loreto? Is that considered part of the La Paz plans?
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Old 07-29-2009, 07:57 AM
 
972 posts, read 3,494,383 times
Reputation: 449
A bad idea indeed....
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Old 07-29-2009, 09:50 AM
 
Location: The world, where will fate take me this time?
3,162 posts, read 10,295,946 times
Reputation: 1423
agreed
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Old 07-29-2009, 10:50 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,958 posts, read 18,532,188 times
Reputation: 6356
Heheheh! Build it and they will come only really works in the movies.

The idea that sailors don't like to spend time sailing on the ocean from one port to another is an idea they probably didn't take into account. I've always enjoyed at least a couple of days at sea.
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