Current:Home > StocksMexico’s hurricane reconstruction plans prioritize military barracks, owners left to rebuild hotels -WealthSync Hub
Mexico’s hurricane reconstruction plans prioritize military barracks, owners left to rebuild hotels
Algosensey Quantitative Think Tank Center View
Date:2025-04-09 22:35:32
MEXICO CITY (AP) — Mexico’s government laid out hurricane reconstruction plans Tuesday for the resort of Acapulco that seem to give as much priority to building military barracks as re-opening hotels.
President Andrés Manuel López Obrador said he hoped owners would be able to reopen as many as 35 of the resort’s 377 hotels by March or April, following the destruction of Hurricane Otis, the Category 5 storm that smashed into the city Oct. 25.
But his administration plans to build 38 new barracks in the resort for the quasi-military National Guard, in addition to five that already exist there. Each barracks will house 250 Guard troopers, who are recruited from or trained by the army.
That would mean between 9,500 and 10,000 Guard troops would be stationed permanently in the resort, about the same number sent there following the hurricane, which caused at least 48 deaths.
In the days following the storm’s Oct. 25 landfall, Guard troops proved incapable of stopping days of ransacking that stripped every large- and medium-sized store in Acapulco to the walls.
López Obrador has promised a barracks in every neighborhood of the resort, which has also been hit by nearly 20 years of drug cartel violence. The president has given the armed forces almost exclusive control of the fight against the cartels and has proposed placing the National Guard under army command.
López Obrador has refused to consider government loans or grants to the hotels, most of which had windows or walls blown out. Many were reduced to their skeletal concrete or steel frames.
Instead, he said the government would pay half the interest on reconstruction loans from private banks. But with no cash flow, many hotel owners doubt they can qualify for big private bank loans.
López Obrador has also refused to earmark specific funds in the 2024 budget for reconstruction efforts, a move that has led to demonstrations by a protest caravan of Acapulco residents who drove to Mexico City this week.
Evodio Velázquez, an opposition party member and former mayor of Acapulco, said the demonstrators were demanding a rebuilding program roughly four times the size of the $3.4 billion plan the president announced last week.
“We want dignified treatment for Acapulco in the federal budget,” Velázquez said Monday.
The protesters camped out Tuesday in tents outside Mexico City’s National Palace, where López Obrador lives and works.
Much of the $3.4 billion aid program will go to making payments of $2,000-$3,000 per damaged home, setting up temporary job programs and providing free electricity for residents for several months. The government is also handing out 250,000 appliances like refrigerators and fans and providing weekly food packages for each family.
Some stores in Acapulco began tentatively re-opening this week, but they reportedly stocked only basic goods and let in only 20 customers at a time.
The federal civil defense agency tallied 220,000 homes that were damaged by the hurricane, which ripped the tin roofs off thousands of homes.
veryGood! (14413)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- How one dog and her new owner brought kindness into the lives of many
- A look at standings, schedule, and brackets ahead of 2024 ACC men's basketball tournament
- Wisconsin officials release names of 7 Virginia residents killed in crash that claimed 9 lives
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- F1 Arcade set to open first U.S. location in Boston; Washington, D.C. to follow
- New Jersey lawmakers fast track bill that could restrict records access under open records law
- Josh Jacobs to join Packers on free agent deal, per multiple reports
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Letter carrier robberies continue as USPS, union, lawmakers seek solutions
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Kate Middleton and Prince William Spotted Leaving Windsor Castle Amid Photo Controversy
- Deputy dies during altercation in upstate New York casino, man charged in death
- Retiring in America increasingly means working into old age, new book finds
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Sister Wives' Maddie Brown Brush Honors Beautiful Brother Garrison Brown After His Death
- Philadelphia’s Chinatown to be reconnected by building a park over a highway
- Need a quarterback? Think twice as Mac Jones trade stamps 2021 NFL draft as costly warning
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Private jet was short on approach to Virginia runway when it crashed, killing 5, police say
Reddit looking to raise almost $750 million in initial public offering
Cincinnati Bengals releasing Pro Bowl RB Joe Mixon, will sign Zack Moss, per reports
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Court upholds town bylaw banning anyone born in 21st century from buying tobacco products
Mega Millions jackpot heats up to $735 million: When is the next lottery drawing?
OSCARS PHOTOS: Standout moments from the 96th Academy Awards, from the red carpet through the show