After negotiations failed at carrying through with the Stake Bank Project on the north side of Belize City, officials began looking at the feasibility of constructing a cruise port in the Port Loyola area of the old capital. Today, Tourism Minister, Manuel Heredia gave the media an update on where talks currently stand in that regard.
“If I am not mistaken it was just last week that we met with a group. They are looking also at Partnership with Royal Caribbean; it’s not a done deal but they are doing their feasibility studies and a lot had been done. I wasn’t conscious that a lot had been done during the time of the past administration and Royal Caribbean and I don’t know if it was the Belize Bank or what other but everybody is teaming up to develop Port Loyola Port, finalize that one. To me as the minister, the economic impact to Southside Belize City and then it will avoid also the congestion that we have around the village with so many buses having to be in that area, I believe that area can be redesigned. There is sufficient land over there to develop a first class port for Belize City.”
Michael Feinstein first launched the idea of the Stake Bank Project in September 2013 and had said it would have been a three hundred million dollar investment but the entire project failed when Prime Minister Dean Barrow had refused to grant a twenty five year exclusivity contract for Stake Bank Cruise Port back in mid-January.