By PETER KRUPA Published: August 10, 2007 , The Tico Times
In front of video cameras and reporters at
Casa Presidencial, former Silicone Valley tycoon
Steve Case formally announced plans for an
$800 million luxury resort complex on Cacique Point, between Cocos and Hermosa beaches, in the
Northwest province of Guanacaste.
Case, one of the co-founders of America Online (AOL), made the announcement last Friday
with Costa Rican President Oscar Arias at his side, saying that the project would
“define a new generation of resort development” with its environmental and social responsibility.
By PETER KRUPA Published: August 10, 2007 , The Tico Times
Steve Case with Costa Rican President Oscar .
“It's very important that business leaders realize that it has to be about more that just your profit,” the U.S. businessman said.
The elephant in the room however, was that the environmental-impact study for Case's project had already been rejected by the National Technical Secretariat of the Environment Ministry (SETENA), precisely because the project lacked details for how it plans to mitigate its impact on the local environment and the community.
A new environmental-impact study — which SETENA is now evaluating — was submitted July 9. The study must be approved by SETENA before the project can move forward.
Case's proposed resort would be among the largest of several large tourism complexes in that part of the country. To be known as Cacique Costa Rica, the 263-
hectare complex would feature three five-star hotel brands, private villas, an 18-hole Tom Doak golf course and a tennis and fitness center branded with the names of former tennis stars Andre Agassi and Stefi Graf.
The project would be the first to be developed by Revolution Places LLC, a luxury tourism developer founded by Case and held by the company Revolution LLC, which Case founded in 2005.
The Cacique Point development would have several hundred rooms and villas available for travelers, as well as 300 properties for sale. Hotel brands will include small houses operated by One & Only Resorts and a spa and hotel with the Miraval brand. The One & Only in Palmilla, Mexico, offers rooms for $450-2,600 per night.
The first Phase of the Cicique project is slated for completion by 2010.
Case sited his upbringing in Hawaii as an inspiration for the project, which he said will integrate the luxury vacation complex with the local community, even going so far as to build a village that will be “a gathering place for the whole region” and include residences and local shops.