Category Archives: Real Estate

Mega-development slated for Todos Santos

Counter Punch – Todos Santos on the Baja California peninsula is getting a mega-development called Tres Santos to build 4,472 homes over twenty-five years, leading to an estimated indirect population growth of more than 60,000 new residents, quite a leap for a town whose population in 2010 hovered just above 5,000.

http://www.counterpunch.org/2015/09/18/when-mindfulness-goes-wrong-a-mega-developments-deceptive-branding-in-mexico/

Planned new U.S. embassy in Mexico is a “fiasco”

The current U.S. Embassy in Mexico City is crowded, outdated and needs to be replaced.
The current U.S. Embassy in Mexico City is crowded, outdated and needs to be replaced.

By Nancy Cordes / CBS

No one disputes that the current U.S. Embassy in Mexico City is crowded, outdated and needs to be replaced. So four years ago the State Department bought a 15 acre plot in a former industrial district for $120 million.

But there was a catch: the site had housed a Colgate-Palmolive factory for decades, which left behind hazardous waste. Colgate has been cleaning the site but it’s been three and a half years and it’s still not ready for construction.

It is an embassy that was supposed to cost $577 million to build, but the construction estimate has gone up by one third — and the State Department hasn’t even broken ground yet.

“It’s a bit of a fiasco,” said Rep. Jason Chaffetz, R-Utah.

http://www.cbsnews.com/news/us-embassy-mexico-city-fiasco/