Loreto Bay, Baja California Sur, Mexico - Loreto Bay Company today announced their pledge to raise $800,000 to fund construction of a new medical facility for the historic town of Loreto.

Loreto Bay Company executives presented a check for $150,000 today, representing the first installment of the pledge. The presentation was part of a community celebration, which took place in the town square, near Loreto's famed mission, Our Lady of Loreto. The yet-to-be named facility will be a comprehensive medical center capable of servicing the growing healthcare needs of the entire Loreto community.

The donation, which is to be paid in installments over the next five years, will come from a variety of sources, including Loreto Bay Company, friends of the company, Loreto Bay home owners, and foundations, including the Loreto Bay Foundation, a non-profit organization established by the company to serve the economic and social needs of the historic town of Loreto. Individuals may participate by donating everything from a wing of the facility to medical equipment, to fixtures. To recognize donors' generosity, Loreto Bay Company will construct a Healing Garden, which will feature hand painted tiles, pavers, fountains, benches and landscaping, which may be presented in honor or memory of a love one. Tasteful plaques will recognize these donations.

"We've always placed an emphasis on being a good neighbor and Loreto has been a good neighbor to us," said James Grogan, president and CEO of the Loreto Bay Company. "We are very pleased to take the lead in developing such an important resource for the people of Loreto. Investing in the healthcare system is evidence of our belief that nothing is more valuable to the community than the well-being of its current and future residents."
Loreto Bay has partnered with FONATUR, Mexico's tourism development agency, to develop The Villages of Loreto Bay, an authentic Mexican seaside community in Baja California Sur. In the early stages of its partnership, the Loreto Bay Company pledged to donate one percent of home sales back to the community as a way to help foster economic and social growth in the Loreto area.

Having recently exceeded $140 million in residential real estate sales, the Loreto Bay Company will thus generate, as sales close, $1.4 million to the Loreto Bay Foundation to support local projects in education, extracurricular activities, business development, medical services, environmental protection, and affordable housing. With bylaws aimed at conserving Loreto's natural beauty and protecting the nearby national marine park, the Loreto Bay Foundation's principles are aligned with the development of The Villages of Loreto Bay. Development practices include programs for sustainable energy, water renewal and land stewardship, as well as creating economic opportunities through new jobs and local businesses. Through a host agreement, tax-deductible donations to the Loreto Bay Foundation may be made to The Ocean Foundation (www.oceanfdn.org), a non-profit organization. Donors should note that the contribution is for the Loreto Bay medical facility.

About The Loreto Bay Company:
Loreto Bay Company, headquartered in Scottsdale, Arizona, is developing The Villages of Loreto Bay, a series of seaside villages in walkable neighborhoods built near the historic fishing village of Loreto, Baja California Sur, Mexico. The Villages of Loreto Bay will be a showcase for sustainable development practices. Founded in 2003, the company is led by Chairman David Butterfield, President and CEO Jim Grogan and CFO Tom Nolan. For more news and information, visit www.loretobay.com.

Loreto Bay Company

Loreto Bay Company

Loreto Bay Company, headquartered in Scottsdale, Arizona, is developing The Villages of Loreto Bay, a series of seaside villages in walkable neighborhoods built near the historic fishing village of Loreto, Baja California Sur, Mexico. The Villages of Loreto Bay will be a showcase for sustainable development practices. Founded in 2003, the company is led by Chairman David Butterfield, President and CEO Jim Grogan and CFO Tom Nolan.

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