By Sandra Dibble
UNION-TRIBUNE STAFF WRITER
January 16, 2001
PUNTA BANDA, Mexico -- More than two months after some 200 Americans lost their homes on this picturesque sand
spit, the fallout continues to raise fears among those who have invested in real estate throughout Mexico.
Though Punta Banda is an extreme and rare situation, development pressures and increasing land values in Mexico
have validated some of those fears. Baja California, with its highly prized coastline, has been especially embattled.
"It's not that it's anything new," said Silvia Perez Thompson, a San Diego-based consultant on Mexican
real estate. "It was always the same problem, but it was just sleeping there."
Read this entire article in The San
Diego Union-Tribune.
NOTE from The Timeshare Beat: This article is timeshare related due to the fact that one of the properties in question in the area is the Bajamar Beach and Golf Resort, which once included timeshare in the mix. This property has, since 1996, been a potential part of Tri-National Development Corporation's expansion in the area.
The company's plans included the existing 27 hole golf course, the existing 81-room hotel, the clubhouse, tennis
courts, land and plans for an additional 102-room hotel with conference center, land and plans for an additional
9 holes of golf, and approximately 300 acres of developed land for residential housing adjacent to the golf courses.
It is unknown to The Timeshare Beat at this time how the decision referenced in this article has affected Tri-National's
plans.