The Placencia Marina - Belize's First Super-Yacht Marina Wins a Landmark Lawsuit and Completes Major Construction Milestone

PLACENCIA, Belize, March 8, 2012 /PRNewswire/ -- The Placencia proudly announces construction has completed on the breakwater at The Placencia Marina, Belize's first luxury super-yacht marina.  Serving as a key component of The Placencia's master-planned development, Placencia Marina is the largest fully permitted, government endorsed, full-service marina in Belize.

Opening Winter 2012-13, The Placencia Marina will ultimately consist of up to 293 slips, accommodating boats from 30 feet to over 260 feet in length.  Phase 1 of the 27-acre super-yacht marina will include 117 wetslips from 40 feet to 220 feet.  Planned marina facilities include a refuelling station, water, sewage, crew-only recreation center and management services. Marina Village at The Placencia will include a VIP Casino, multiple restaurants, retail shops, world-class spa and boutique hotel.

"Development is progressing and we anticipate a timely launch in first quarter 2013," said Brent Borland, Principal, The Placencia. "Our team is dedicated to creating a world-class marina offering an experience unlike any other in the Caribbean. We're confident our commitment to deliver the highest level of customer service at our 90-key luxury beachfront The Placencia Hotel, our superior location, and broad set of amenities included in our Sporting Club Membership, combined with the forthcoming opening of the Placencia International Airport, puts The Placencia is a class of its own."

The Placencia is pleased to announce that the Supreme Court of Belize dismissed the frivolous claims against The Placencia Marina made by the Peninsula Citizens for Sustainable Development's self proclaimed environmentalist leader Mary Toy. All claims and challenges were soundly rejected by the Judge as totally baseless and Peninsula Citizens for Sustainable Development and Toy were ordered to pay all legal fees and costs.

"It was clear to all parties involved that Peninsula Citizens for Sustainable Development and Toy's claims were designed to stop development merely for the sake of stopping development and for her own personal motives," said Marco Caruso, Principal, The Placencia. "We're optimistic that a significant infrastructure development for the country of Belize such as The Placencia Marina has a clear path to success. This ruling is validation that collaboration between the private and public sectors will not be deterred by baseless, selfishly motivated claims of a select few."

About The Placencia

The Placencia is a master-planned environment fronting over 4,000 acres of Caribbean coastline, five miles of lagoon shores and the ultimate in Belize Real Estate. The development includes the privately owned Placencia International Airport & FBO, world-class The Placencia Marina, Panther Golf Club & Residences with its 18-Hole Championship Course featuring the premier property in Belize, exquisite Belize condo towers at Copal Beach Resort and the ultra-exclusive 15-acre Rendezvous Island featuring oceanfront private island homes in Belize. Real Estate in Belize is booming and The Placencia offers the largest and most diverse offering of pre-construction and turnkey furnished real estate opportunities in Belize.

SOURCE The Placencia Group