Thursday, January 20, 2022

Public Hearings on Santurce Revitalization Begin

By on March 8, 2016

SAN JUAN – The Puerto Rico Senate launched Tuesday the public hearing process to promote the development of the Santurce sector of San Juan. Among those called to testify before the Treasury and Public Finance Committee are the Planning Board, the Commerce and Export Co., the Treasury Department, the Economic Development Bank, and the University of Puerto Rico.

SAN JUAN, PUERTO RICO - NOVEMBER 12:  A man walks past a vacant building on November 12, 2013 in the Santurce neighborhood of San Juan, Puerto Rico. The island territory of the United States, Puerto Rico, is on the brink of a debt crisis as lending has skyrocketed in the last decade as the government has been issuing municipal bonds. Market analysts have rated those bonds as junk and suspect it's 70 billion dollar debt might be unserviceable in the near future. With no industry other than tourism and the recent collapse of the real estate market, the way out is unclear. (Photo by Christopher Gregory/Getty Images)

A man walks past a vacant building in the Santurce neighborhood of San Juan. (Photo by Christopher Gregory/Getty Images)

Among those called to testify Wednesday are Universidad del Sagrado Corazón, the Museum of Contemporary Art, the Association of Residents of the Sagrado Corazón neighborhood, Inversión Cultural, and La Calle Loíza Inc.

San Juan Sens. Ramón Luis Nieves and José Nadal Power recently announced three measures to foster the development of Santurce. These are Senate Bill 1556, the Economic, Social and Cultural Revitalization of Santurce; Bill 1546 to make it easier for municipalities to acquire structures that are not in use of are abandoned; and the final report of Senate Resolution 789, which investigated the impact of current laws and current executive orders on Santurce.

The senators have assigned $500,000 for the repair of Santurce sidewalks and $1 million for the rehabilitation of the historic Paramount Theater. Meanwhile, they contributed $250,000 to the Commerce and Export Co., which will be matched by Fundación Comunitaria de Puerto Rico, creating a public-community alliance for the support of creative industries in Santurce.

You must be logged in to post a comment Login