Matapalo Demm Marina Development was awarded the bid to rebuild Flamingo Marina in Papagayo Gulf, in the Costa Rican northwestern Pacific. The company made a commitment to invest $91 million in the first part of the project. Flamingo Marina had stopped operating on June 11, 2004, when the courts found that it did not meet regulations and that it was polluting. The new marina is expected to be fully operational in two years.
