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In the News

Work Begins on Stake Bank Belize Port with 4 Cruise Berths

“Belize’s long-awaited Stake Bank Cruise Port is a ‘go.’ The 25-acre island project just off Belize City will shorten the current long tender ride to Belize Tourism Village by providing berths for four cruise ships, plus expedited tours dispatch, beaches, a crafts market and retail, dining, cabanas, over-water bungalows and crew facilities.”

Developer Buys Tilapia Farm in Belize

“Belize-based Fresh Catch tilapia farm in La Democracia, which was producing 4.3 million pounds of fish in 2008, is coming back online after going into foreclosure in 2010. Developer Mike Feinstein has bought the company in a move that is seen as “a major shot in the arm for a fish farming industry that had died off,” reports 7NewsBelize.”

Opposition Supports Stake Bank Project

“We wish to offer our support for this project and in arriving at that offer of support; we looked at essentially four criteria: (1) is this project good for the economy of Belize? We believe that it will be good for Belize; we think that it will be critically important to the future of the cruise tourism industry which is obviously directly related to the economic development of Belize (2) have all the environmental clearances been met?

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Have all the technical people signed off on the project and given their approval on the environmental side? My understanding is that has been done and finally, the developer, Mr. Feinstein and stake bank team are Belizeans who, I think, have a consistent history of investing in Belize and putting their money back in the country and so, in offering our support, we looked at that criteria and we simply want to place that on the record.”

Government Greenlights Stake Bank Project

“This of course is the enabling legislation that will now permit the developer to begin construction on the new cruise port to be located at Stake Bank. The idea is to locate the new cruise port there and in fact to build the causeway to Belize City.”

Stake Bank Striking the Right Balance

“…the Stake Bank project seems to have taken off almost turbulent-free. For starters, the project is the brainchild of the Feinstein Group headed by Mike Feinstein, a Belizean developer who is tried, tested and proven. Mike Feinstein is the same developer that made the Fort Street Tourism Village a reality, and a successful one at that.

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For two days a week during the low season and up to five days a week during the high season, the entire North Front Street area is transformed into a bustling community, where hundreds of vendors, hair-braiders, tour guides and operators can make a decent, dignified living.

Stake Bank US 156 Million Cruise Port Project Launched

“Belize is about to have a new cruise port at Stake Bank, earning the country about $700 million per year, Mike Feinstein of the Feinstein Group announced at a press conference at the Biltmore Plaza Hotel in Belize City on Wednesday, September 4."

FECTAB Endorses New Tourism Project at Stake Bank

“…today developer Michael Feinstein introduced his plan for a tourism project at Stake Bank. It will entail an investment of some 100 Million US dollars, a causeway through the Swallow Caye Wildlife Sanctuary, and comes with the blessing of FECTAB. Mike Feinstein, the man behind the project, says that the investment is to give some real competition to our northern friends and keep Belizean dollars at home.”