Chaguaramas has had a series of Local Concept Plans, as to adapt to the changes of the world business and Tourism trends. In 1999 a Chaguaramas Local Concept Plan was prepared, this plan was prepared within the context of a National Conceptual Development Plan. The purpose of the local concept plan was to outline a long-term vision for the Chaguaramas area and to define the opportunities for private sector investment. Among the objectives of the plan were:
- To enhance and improve local and international tourism facilities in the area.
- To encourage the development of resort and other housing in appropriate locations
- To improve employment and business opportunities particularly in the marine and shipping industries.
In it's Tourism Master Plan the government has identified Chaguaramas as the resort anchor which is recognized in the plan's vision:
- To develop Chaguaramas and the offshore islands as a first class resort destination catering to both the domestic and international market.
- To preserve the integrity of the environment by developing an uplands National Park for the enjoyment and education of the people of Trinidad and Tobago.
- To encourage a diversity of economic activities such as resort-tourism development, marine development, commercial support facilities, housing, industry and agriculture.
- To develop the tourism aspects of the yachting and marine sector by positioning Chaguaramas as a boating destination, providing full service marinas.