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More Questions than Answers for Stake Bank Caye

Jul 28, 2021 More Questions than Answers for Stake Bank Caye Stake Bank and the Port of Magical Belize will face off in the Supreme Court on September thirtieth, following leave being granted earlier this week for Port Coral to file application for judicial review.  But while that legal matter is several weeks away from being heard, News Five has been combing through an Environmental Compliance Plan for the Stake Bank project that was completed in August 2017.  There is more information being revealed from our look at the twenty-two page document.  Here is News Five’s Isani Cayetano.   Isani Cayetano, Reporting When ground was broken for construction to begin at Stake Bank in February 2019, developer Michael Feinstein did not foresee that another competitor would be seeking to build a similar cruise terminal less than twelve miles away.  With permission being granted for the Port of Magical Belize to be built on the mainland not far from the Sibun River, the pri

Stake Bank and Port of Magical Belize to Lock Horns in Supreme Court

Jul 27, 2021 Stake Bank and Port of Magical Belize to Lock Horns in Supreme Court On Monday, Justice Lisa Shoman granted leave for Port Coral, whose principals include developer Mike Feinstein, to file an application for judicial review in a matter that involves the Department of the Environment and the National Environmental Appraisal Committee, NEAC.  It has to do with approval being given to Portico to proceed to the next phase of development in respect of the Port of Magical Belize.  Port Coral, on the other hand, is the multimillion-dollar tourism development project on Stake Bank which is presently under construction and is headed by the Feinstein Group.  The matter is expected to be heard before the Supreme Court at the end of September.  Port Coral’s argument, put forward by Senior Counsel Glenn Godfrey and William Lindo Jr., includes the geographical proximity between both ports, as well as the fact that Belize District would not be able to economically sus

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