Mexico offers $385M to U.S. company to settle land dispute

President López Obrador offered to buy Vulcan Materials' Caribbean coast property for $385 million to end the dispute.
Vulcan operated gravel pits at the site before the previous Mexican government shut them down over environmental concerns.
Vulcan values the land at $1.9 billion and has sued Mexico, but López Obrador wants the company to drop the lawsuits.
If no deal is reached, Mexico may seize the land before López Obrador's term ends in 2024.
The president plans to convert the property into a cruise ship dock and ecotourism attraction.