Source: MSNBC
June 16, 2012

"MEXICO CITY — A Spanish developer said it would go back to the drawing board after Mexican President Felipe Calderon on Friday canceled a $2 billion tourist development in Baja California, bowing to opposition by environmentalists that said the plan was a threat to a nearby coral reef.

Planned by Hansa Urbana, the Cabo Cortes project was to have included lots for 15 hotels, golf courses, a large marina and an airstrip on the southeastern tip of Baja.

But the proposed project is only 6 miles from the Cabo Pulmo National Marine Park and its renowned coral reef system."

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