Tax benefits, easy access
Two Puerto Rican government agencies are looking for new entertainment options in the Caribbean island, including a planned casino development.
The island’s Department of Economic Development and Commerce and a local redevelopment authority have released a request for qualifications to developers who would be interested in investing in a 3,000-acre parcel that formerly housed an American naval station. Part of the property is prime Caribbean coastline, reported the website, always a plus when it comes to drawing the tourist trade.
The Roosevelt Roads Local Redevelopment Authority “promises extraordinary development opportunities that are made attractive by our tax incentives, a pro-business environment, skilled and competitive workforce, political stability and the benefits of a US jurisdiction,” said Malu Blázquez Arsuaga, the agency’s executive director.
A total of nine zones are being planned for development, including an industrial park, a waterfront district, sustainable entertainment areas, eco-tourism lodges, residential and corporate offices and entertainment centers that will potentially include casinos. The property is close to the El Yunque rainforest and neighboring beaches in Culebra and Vieques. The area benefits from “easy access by air and sea,” reported the website.
