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Business Editors
Loreto Bay Company Reinforces Its Sustainability Program with New Hires and World-Renowned Sustainable Development Consultants
BAJA CALIFORNAI SUR, MEXICO, Apr. 19 -/E-Wire/Business Wire/-- The Loreto Bay Company, currently developing The Villages of Loreto Bay, an authentic Mexican seaside community in Baja California Sur, has reinforced its commitment to sustainable development by hiring David Veniot, former president of Earth Day International, as Vice President for Sustainability.

Veniot will live in Loreto to oversee the sustainability commitments of The Villages of Loreto Bay throughout construction and work with a team of respected consultants. The consultants are led by William G. (Bill) Reed, president of the Integrative Design Collaborative. Reed is an internationally recognized specialist in issues related to green design and one of the founding board members of the U.S. Green Building Council. Joining him is Michael Ogden, founding director of Natural Systems International, a company that specializes in the design and implementation of natural treatment systems, and Tim Murphy, principal and designer of the Regenesis Group. Steven Zubkoff also has joined the Loreto Bay staff, to direct affordable housing issues.

Loreto Bay Company is operated by The Trust for Sustainable Development, a Canadian not-for-profit community development corporation. The Trust's mission is to operate according to the United Nations' Brundtland Commission's definition of sustainable development as "development that meets the needs of the present generation without sacrificing the ability of future generations to meet their own needs."

The primary aim of reinforcing the existing sustainability program is to showcase The Villages of Loreto Bay, a $3 billion, 15-year project, as an ideal sustainable development practice. Sustainability performance targets have been determined for areas such as energy conservation, water consumption and reduction of solid waste materials and air pollution. In addition, Loreto Bay is committed to enhancing economic opportunities and development in the form of housing, planning, and training; as well as the creation of new jobs and local businesses.

"Our aim is to make The Villages of Loreto Bay an internationally recognized destination, not only for its livable mixed-use, health oriented, resort lifestyle and authentic architectural design, but also for its environmental sustainability," said David Butterfield, president of The Trust for Sustainable Development and chairman of Loreto Bay Company. "The appointment of David Veniot as Vice President for Sustainability and working with the Integrative Design Collaborative reaffirms our commitment to creating a town that will both enhance the environment and stimulate economic development in the region."

About The Loreto Bay Company:

The 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.

--30--AMP/la*

CONTACT: Loreto Bay Company Debra Stevens, 480-443-8350 x2009 or Edelman Meghan Stuyvenberg, 323-202-1075

KEYWORD: ARIZONA MEXICO INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: ENVIRONMENT REAL ESTATE BUILDING/CONSTRUCTION MANAGEMENT CHANGES SOURCE: Loreto Bay Company

/SOURCE:
Loreto Bay Company
-0-
04-19-2005
/CONTACT:
Debra Stevens, 480-443-8350 x2009
/WEB SITE: http://www.loretobay.com
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