In October, the Nosara Integral Development Association (ADIN) acquired a property for athletic use, for which they will pay $350,000.
According to the president of ADIN, Marcos Avila, the purchase was financed by a Frenchman whose name he preferred to not give to protect the identity of the investor.
The Voice of Guanacaste tried to get a copy of the contract of the sale and purchase of the property; however, Avila affirmed that due to a decision by the board of directors, they would not share the document.
The property is located at the intersection of San Pedro and Santa Teresa of Nosara and covers an area of nearly seven hectares (about 17 acres), which will be paid for in parts.
“The Frenchman segregated two hectares in the name of ADIN to begin the project. The contract was made so that in the first three years, we have to pay $25,000 annually and then $35,000 per year until we finish paying,” explained the association president.
According to Avila, the property has a gravel pit they plan to exploit and thus be able to make the annual payments. The association estimates that each year they can produce up to $45,000 annually from the sale of this building material.
Soccer fields, basketball, a skating rink and even a spa are part of the projects that ADIN plans to build on the new property, in conjunction with public institutions like the Costa Rican Institute of Sports and Recreation (ICODER- Instituto Costarricense del Deporte y la Recreacion).
In addition, one of the main projects is the construction of a permanent fairground, with a covered bull ring. According to Avila, this would allow them to save money when setting up for civic fiestas.
“This year we are going to save $6000 just in rent for the fairground. With this property we will save a lot of money. Also every year we will save more than $18,000 for setup and removal of the bull ring,” specified the community leader.
Also, if the Municipal District Council for Nosara is approved, the offices would be built on this property.