BanderasNews
Puerto Vallarta Weather Report
Welcome to Puerto Vallarta's liveliest website!
Contact UsSearch
Why Vallarta?Vallarta WeddingsRestaurantsWeatherPhoto GalleriesToday's EventsMaps
 NEWS/HOME
 AROUND THE BAY
 AROUND THE REPUBLIC
 AMERICAS & BEYOND
 BUSINESS NEWS
 TECHNOLOGY NEWS
 WEIRD NEWS
 EDITORIALS
 ENTERTAINMENT
 VALLARTA LIVING
 PV REAL ESTATE
 TRAVEL / OUTDOORS
 HEALTH / BEAUTY
 SPORTS
 DAZED & CONFUSED
 PHOTOGRAPHY
 CLASSIFIEDS
 READERS CORNER
 BANDERAS NEWS TEAM
Sign up NOW!

Free Newsletter!

Puerto Vallarta News NetworkMexico & Banderas Bay Area News 

Lawmakers Want 'Dragon Mart' Project Scrapped

go to original
January 3, 2013

Leftist lawmakers have joined forces with business leaders in Cancun demanding that officials not issue building permits for the 'Dragon Mart' shopping center, a vast Chinese-backed commercial project.

Mexico City, Mexico - Leftist lawmakers have joined forces with business leaders in demanding that officials not issue building permits for a vast Chinese-backed commercial project in the Mexican Caribbean resort city of Cancun.

Ads placed last week in several newspapers and signed by Party of the Democratic Revolution, or PRD, legislators called for the Dragon Mart shopping center to be scrapped.

Plans call for building 722 housing units for 5,000 Chinese workers who will be employed at the shopping center in the first phase of the project, with later expansions adding "up to 2,500 housing units that will hold 10,000 Chinese citizens," the PRD legislators said.

The project is expected to cost between $180 million and $200 million and when completed will display and sell Chinese goods, business leaders said.

Mexican investors have a 90 percent interest in the consortium building the shopping center, while Chinamex, a company registered in the Netherlands, has a 10 percent stake, a press report said.

Developers' plans call for the shopping center to be operated by a Chinese company once it is completed.