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Despite the protracted economic crisis plaguing Puerto Rico, real estate developer Nicholas Prouty announced Tuesday that construction of his newest project, “La Casa,” a new $65 million senior housing tower next to his $350 million Ciudadela development in Santurce, is “well underway.”
Troubled by reports of more than $30 million in expenses after one year of operations, U.S. Reps. José Serrano and Nydia Velázquez sent a letter to the Financial Oversight and Management Board for Puerto Rico expressing concerns over the lack of transparency and independent supervision related to its spending decisions.
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