Despite Puerto Rico’s ongoing fiscal crisis and allegations of corruption by enemies of Gov. Alejandro García-Padilla, business executives and foreign investors still perceive the Commonwealth as relatively clean by Caribbean standards.
Nearly two years after launching its strategy to promote the establishment of projects and the development of nearly 3,000 acres that make up the former Navy Base in Ceiba, the Roosevelt Roads Redevelopment Authority announced Monday the selection of Virginia-based Clark Realty Capital as the property’s Master Developer.
The White House’s announcement Wednesday of charting a “new course” in its relations with Cuba drew immediate response from decision- and opinion-makers in Puerto Rico, which agreed for the most part that pulling the neighboring island country out of its isolated state will present challenges and opportunities in years to come.
A Dow Jones/Factiva content provider since 2014
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