Puerto Rico marina awaits $450M renovation

SAN JUAN, Puerto Rico (AP) — The Caribbean’s largest marina is getting a $450 million makeover.

A Connecticut-based hedge fund is improving infrastructure and facilities at the Puerto del Rey marina in northeast Puerto Rico.

Gov. Alejandro Garcia Padilla said Friday that Putnam Bridge Funding LLC also is considering adding more docks to expand the current capacity of 1,100 boats and allowing boats longer than 200 feet (61 meters) to dock there. He said the company also has plans to build condo-hotels and villas.

Putnam Bridge Funding bought the marina earlier this year after its former owners filed for bankruptcy.

Garcia said he expects the renovation to create up to 400 temporary jobs and up to 500 permanent ones.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus