According to the Environmental Compliance Plan (ECP), Aqua World will be a 10.83 acre "eco-tourism" residential subdivsion development built on 7 acres of and created out of the Placencia Lagoon and approximately 3 acres of interior waterways.  Aqua World is owned, at least in part, by the family of Jose Coye, a former minister under the People's United Party.

The ECP was approved in January 2008 and signed by Aqua World and the Department of the Environment on 4 July 2008.