Discovery plans $1 billion Costa Rica eco-park

Discovery Communications is licensing its name for a $1 billion eco-tourism park in Costa Rica as the media company seeks new revenue from fans of its cable networks, which include Discovery Channel and Animal Planet.

Discovery Costa Rica, scheduled to open in late 2020, will be near Liberia, according to a statement from the company. The town is a regional hub in the northwest part of the country that tourists pass through on their way to the country’s Pacific coast beaches.

Activities will include rock climbing, hiking, scuba diving and other pursuits across four locations at the country’s beaches, parks and volcanoes, with a focus on biodiversity and conservation.

Source: Bloomberg