British Billionaire Plans to Build Fishing Lodge Skip to content

British Billionaire Plans to Build Fishing Lodge

By Larissa Kyzer

Photo: Vopnafjörður City Hall, Facebook.

British billionaire Jim Ratcliffe hopes to build a 950 sq m [10,226 sq ft] fishing lodge on land he co-owns in Vopnafjörður, in Northeast Iceland, RÚV reports. According to the public zoning application, the development plans include an onsite restaurant and guesthouse.

Ratcliffe has purchased a significant amount of land in the area in recent years and owns a majority share of at least 30 properties, a minority share of nine, and fishing rights at two places within public lands around Selárdalur, home to one of the best salmon rivers in the country. In the past, he’s stated that he bought the land in the name of environmental protection and in order to protect Icelandic salmon stock.

In order for Ratcliffe and his fellow owners to move forward with their development plans, the land at Ytri Hlíð, which is currently zoned as agricultural land, would need to be rezoned as a retail and service area. Per the proposal, the landowners say the fishing lodge and accompanying facilities and intended to strengthen tourism in the area and make it a more competitive destination on the local market. If approved, the fishing lodge would overlook Vesturárdalur valley, as well as the Krossavíkur and Smjörfjöll mountains.

In order for the proposed lodge and facilities to be usable, significant infrastructural development would also be required: a road to the property would need to be paved, power lines would have to be laid, and, in order to provide drinking water, a well would either need to be drilled or else a spring in a nearby village would need to be tapped for the purpose.

The public has the opportunity to comment on the proposal until September 3. The Vopnafjörður district office will also hold an open house on Monday to present the development plans.

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