IGY Marinas

Farkas’s IGY Marinas Sponsors Charity Fishing Tournament

IGY Marinas Cabo San Lucas sponsored a local fishing tournament to aid Hope for Los Cabos, a charity committed to Cabo’s disadvantaged families.

The 2017 Bisbee Black and Blue tournament ran for five days from October 23rd, and is an opportunity for hundreds of teams and anglers to compete in fishing for Black and Blue Marlin. The tournament began 37 years ago, and has continued to grow in Cabo in the years since.

Any and all marlin caught, regardless of whether or not they reached the 300-pound minimum to qualify, are donated to Hope for Los Cabos. This year, 120 teams caught 11,249 pounds of Black and Blue Marlin, which equals 33,747 meals to be delivered to the families in need of Cabo San Lucas.

In addition to the food donated to Hope for Los Cabos, the tournament also features a charity auction and raffle programs that raised nearly $200,000 for beneficiaries. Beneficiaries include the Green Scholarship Program and La Paz University, which awards 4-year marine biology scholarships to students to complete their education.

The tournament also places a focus on marine conservation. Any fish caught that is not a Black or Blue Marlin, including striped marlin, sailfish, and spearfish, is released back into the oceans, with top release teams also receiving a prize.

IGY Marinas, formerly Island Global Yachting, was founded in 2005 by Andrew Farkas, who currently serves as its chairman. Since its founding, IGY continues to be an industry leader as one of the largest marina companies in the world. IGY’s sponsorship of the 2017 Bisbee Black and Blue tournament, is one small way the organization gives back to the communities in which it operates.

Farkas’s IGY Marinas Operational in USVI After Hurricanes

IGY Marinas’ Yacht Haven Grande in St. Thomas, the US Virgin Islands, is open and operational after Hurricanes Irma and Maria battered the area earlier this year.

IGY Marinas reports that the Yacht Haven Grande is clear of debris, and that nearly 70% of its slips have reliable power and water, and are currently in use. Its “D” dock section still requires work, but will be fully operational within weeks. IGY also reports high demand for their slips in due to the condition of other marinas in the area.

The infrastructure of St. Thomas has also seen considerable improvements since the hurricanes. Electricity is restored to more areas daily, and current estimates place the overall repower at more than 50% of the island. Cellular coverage has largely been restored, while cable and internet repairs are underway but require more time to be operational. There are no longer curfews or other restrictions to daily life on the island.

Cruise ship traffic has returned to a near daily basis, with 5 ship days bringing in over 20,000 visitors to the island. Taxis are back on the roads, and transporting cruise ship guests to different destinations. Excursion boats, day sails, dive stores, and snorkeling adventures are open and operating daily. Restaurants, and other businesses are open.

In October, Founder and Chairman of IGY Marinas Andrew Farkas joined the Virgin Islands Hurricane and Resiliency Advisory Group, which focuses on hurricane damage assessments and recovery efforts in the territory. The advisory group was given $1.4 million to aid relief efforts, which was generated by the United States Virgin Islands Recovery effort.

IGY Marinas is a subsidiary of Andrew Farkas’s Island Capital Group, and is a leading organization within the global yachting industry. The re-opening of its marina in the USVI is an indication of the territory’s improvement after the hurricanes, and also a testament to IGY’s continued commitment to the economic success and restoration of the USVI.

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