Puerto Rico and the Caribbean
www.theweeklyjournal.com
>Courtesy Marriott
Wednesday, November 13-20, 2019 - // no. 029
MARRIOTT PREPARES TO DEVELOP A NEW HOTEL IN ISLA VERDE P8 MILLIONS IN FEDERAL GRANTS AVAILABLE FOR LOCAL RESEARCH P6
INVESTMENT
OF $235 MILLION >Gabriel López Albarrán
An electric power system, an extended care facility for veterans and an affordable-living housing complex will boost Guaynabo’s economy
G Rosario Fajardo
NICOLE FAS AMONG THE BEST MIXOLOGISTS IN THE WORLD P24
rfajardo@wjournalpr.com
@RosarioWJournal
uaynabo Mayor Ángel Pérez Otero has been pushing for more economic development initiatives, and the latest to be announced are three publicprivate partnerships (P3) in the areas of energy generation and distribution, assisted living facilities for veterans and social interest housing. Puma Energy is investing $150 million for an electric
power system to generate electricity using liquid petroleum gas. The Four Winds Assisted Living and Extended Care for Veterans is a $60 million project and the Proyecto Barrio Río is a $25 million affordable-living housing complex. All three “joint ventures,” or P3s, are being developed in conjunction with Guaynabo City, which owns the land that will be developed. The municipality will also offer other support, such as tax incentives, and assist with the permit process. GO TO PAGE 4
>Courtesy Guaynabo City
GENESIS SECURITY EXPANDS TO FLORIDA P14
P3 PROJECTS ON THE WAY WITH AN