No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveOsa Developments To Be Investigated

Osa Developments To Be Investigated

The Comptroller General’s Office has demanded that the OsaMunicipality investigate activity associated with a series of concessions granted to four Costa Rican corporations along the southern Pacific coastline.

The daily La Nación reported that one of the companies, Punta Dominical, S.A., had allegedly used government housing bonds in its efforts to obtain concessions on land in Domicalito, near Dominical, between 2000 and 2004, as part of a complicated series of transactions meant to remove residents from the region’s Maritime Zone.

The country’s Maritime Zone, a coastal strip within 200 meters of the sea, is known as concession property, and is available for development under long-term lease with the corresponding municipality.

The La Nación report indicated that some of the residents, among them fishermen, occupied the land illegally, but had recently applied for concessions. According to residents’ allegations, the housing bonds and “pressure” were used to get them to drop their concession applications and move off the land.

The Comptroller’s request, which was labeled confidential, names a series of concessions to be investigated, at least one of which is owned by the Punta Dominical development, according to Osa Mayor Jorge Cole.

On its Web site, Punta Dominical calls itself the “largest real estate developer in the Southern Pacific zone of Costa Rica,” and claims to be the “largest landowner in the Dominical region, with over 2,000 acres under careful control, to keep the character of the place intact.”

Punta Dominical pre-sold its first group of 30 condominiums in one day June 14 for a total of $9 million. Four Costa Ricans, 25 U.S. citizens and one Canadian purchased the future condos (TT, June 22).

 

Trending Now

Fraud Claims Sow Tensions as Honduras Prepares to Elect President

Hondurans go to the polls on Sunday in a closely fought presidential election rife with fraud accusations that have sparked fears of violence in...

Nighttime Closures Set for Costa Rica Highway This Weekend Amid Overpass Work

Drivers on Costa Rica's busy General Cañas Highway face temporary full closures over three nights starting this Friday as crews install beams for a...

Maduro Dances Defiantly Amid US Threats in Venezuela

Venezuelan President Nicolás Maduro took to the stage at the Miraflores presidential palace during a Student Day march, where he danced to a remix...

Costa Rica Bridges Crisis Deepens with 70 Percent in Poor Condition

Costa Rica's road network faces a critical breakdown, with seven out of 10 bridges in poor condition, according to the latest State of the...

Costa Rica Forecasts 40,000 Starlink Subscriptions by 2030

Costa Rica's telecommunications regulator forecasts that satellite internet connections will hit 40,000 by 2030, with Starlink leading the charge. The Superintendencia de Telecomunicaciones (Sutel)...

Kyrgios Eyes Australian Open Return with Kooyong Classic Entry

Nick Kyrgios has given his strongest hint yet of a full-scale return to competitive tennis by entering the Kooyong Classic, a key warm-up ahead...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica