Mexico’s government is putting the last untouched island on the Riviera Maya up for sale for US$68 million.
Technically a key but most often referred to as an island, Cayo Culebra is part of the Sian Ka’an natural reserve.
Cayo Culebra covers an area of nearly 4 million square feet of untouched natural splendor and spectacular Caribbean beaches.
But there is a catch: under Mexican law, whoever purchases the island can only build on 10% of its surface to maintain its ecosystem.
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According to El Financiero, the sale of the island is being managed by the European-based IAD Group.
IAD Group has released a video promoting the sale of the island, in which it promotes its potential to draw many tourists.
The Mexican government has kept tight-lipped about the sale of the island. But there has been much speculation regarding why the Mexican government has decided to make this move and what will be done with the money.
“It is a disgrace that the government would simply sell off Cayo Culebra like this. It will most likely end up in the hands of some billionaire, and the rules be damned,” said Tulum-based environmentalist Grizelda Cano.
