Millions available for revival of Marigot, St. Martin

POSTED: 02/13/13 12:31 PM

MarigotMARIGOT, St. Martin – The Collectivité d’Outre Mer de Saint Martin (COM) will invest between €5 and €6 million ($6.75 to $8.1 million) in the revival of the center of Marigot.

“Marigot is a priority for the Collectivité,” the government states in its magazine Point.Com. “The city is becoming more and more deserted and people generally shop around Grand Case or on the Dutch side. We have stopped counting the number of shops that are permanently shuttered or closed down in the capital.”

The article notes that the supply of shops for rent far exceeds demand. “Although business is on a downward slide, rents remain high.”

The Collectivité wants to take action in partnership with the tourist office, the port, the Chamber of Commerce, neighborhood councils and the business association.

Among the revival plans are the introduction of paid parking downtown and the creation of alternative parking on the outskirts of town. The Collectivité will encourage real estate owners to renovate the facades of their properties – “either through tax incentives or through penalties” – and to facilitate their access to financial aid. Improved signage, a renovation of the tourist market along the waterfront and support for entertainment and activities must give Marigot the badly needed boost. The Collectivité will appoint a city manager to develop the revival plan

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