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8 groups submit credentials to develop Roosy Roads

The government is looking for companies to develop Roosevelt Roads in Ceiba.

The government is looking for companies to develop Roosevelt Roads in Ceiba.

The Local Redevelopment Authority for Roosevelt Roads announced Thursday that eight groups submitted their statement of qualifications in response to a Request for Qualifications published in June seeking developers for some 3,000 acres of land at the former naval base in Ceiba.

The Authority said it received responses to the RFQ from groups in the U.S. mainland, Europe, Latin America and Puerto Rico.

The proponents will now move to a pre-selection round that will take place on or around Aug. 26, after which the chosen applicants will move on to the Request for Proposals phase to be published in September. The final selection of the master developers will take place in mid-December, the Authority said.

The Roosevelt Roads redevelopment plan calls for a 25-year strategy expected to attract more than $2 billion in investments in nine development zones that could potentially create 20,000 jobs.

“We are very pleased with the number and diversity of the origin of the entities that responded to our request for credentials,” said Malu Blázquez-Arsuaga, executive director of the agency overseeing the redevelopment project. “We estimated the number of proponents would be three to five, so the response was better than anticipated.”

“The effort of our team in the Authority and the Department of Economic Development and Commerce has been great and fruitful,” she said.

Roosevelt Roads is unique for its prime waterfront harbor, home to a major airport with an 11,000-foot runway, proximity to some of the world’s most magnificent beaches, such as Luquillo beach, and the neighboring islands of Vieques and Culebra, and year-round tropical climate.

“We feel that the Credentials Request process has served its purpose. The project is properly routed and the process will end by the end of 2014 with the selection of one or more master developers,” said Economic Development and Commerce Secretary Alberto Bacó.

“This project will be transformative in its economic impact for the eastern region and for Puerto Rico, and through its integration of communities at different stages of development. This is a breakthrough, we’re moving from plan to execution,” Bacó said.

Author Details
Author Details
Business reporter with 29 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.


  1. FishyLuv August 15, 2014

    Space-X and Boeing could be two anchor tenants with the potential to transform Puerto Rico’s economy forever. Please try to pitch them.

  2. Violeta August 15, 2014

    What PR needs is a company that not only provides tourism, but can also help fix the Energy Crisis that Our ” isla” is undergoing. I hope that one of the 8 companies that submitted can help fix the economy while also helping us fix our energy crisis. PREPA needs all the help it can get, as so does the Island. The situation is getting out of hand. I pray for my beautiful Island, and hope one of the 8 companies has a plan to help the Tourism and Energy in PR, and get us back on the market with our lights on, whilst helping the people of PR lower it’s energy expense… 26 cents a Kw is outrageous and now that PREPA is undergoing challenges… the prices are going to increase. Which ever the company, I hope they pick a company that will help the island with real issues we are facing…. Energy and tourism happens to be major issues.

    1. Quijote Jibaro August 18, 2014

      I totally agree with you regarding the priority to be fixing the energy problem of Puerto Rico. However, unfortunately I see most persons in Puerto Rico do not understand the enormous energy situation of Puerto Rico. We, as individual, need to start first becoming energy experts, in order to present a widespread WIN/WIN/WIN SOLUCION to the energy problem of Puerto Rico. Everyone needs and makes use of electric energy to sustain our daily living. We need to hold two (2) monthly energy meeting to understand and be able to provide the reasonable energy WIN/WIN/WIN SOLUCION. I ask, what day, time, we can take the initial steps? .. I am ready to start right now. My email is hctrarana@yahoo.com


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