An Airbnb boutique hotel: Opportunity Zones arrive in Old San Juan

The walk is led by Adrian Beales, an Australian sales director for Lifeafar, a company that offers real estate investment options for people from abroad. Behind him is a group of 20 investors. They left El Convento hotel on Cristo Street in Old San Juan after the second day of the 2019 Lifeafar Investors Conference: three days of talks — from April 23-25 — about the advantages of investing in Puerto Rico. At 4:30 p.m. they go down Luna Street toward San Francisco Street under a clear sky. Upon reaching Plaza Colón, they form a semicircle, some of them cover their face from the sun and contemplate building 405.

El periodismo y el poder permanente: una charla con cuatro periodistas en Colombia

“A menudo el periodismo termina siendo parte del problema y no de la solución; termina siendo parte del poder”, advierte Hugo Alconada Mon, un periodista argentino que ha publicado investigaciones en las que algún personaje poderoso termina en la cárcel. “Poder que incluye a políticos, a empresarios, a banqueros, a sindicalistas, a jueces, a fiscales y a muchos periodistas que terminan trabajando para el poder”, continúa desde una pequeña tarima, en un salón de la Universidad Jorge Tadeo Lozano en Cartagena de Indias, Colombia. El salón está lleno de estudiantes de esta profesión que en algún momento cargó el mote de “el cuarto poder”. Pero esa idea de que sobre los poderosos sobrevuela el guardián inquebrantable de la democracia que se llama periodismo, está muy debilitada. Fake news, “datos alternativos”, ataques a los medios de comunicación, asesinato de periodistas, saturación de contenidos en las redes sociales, relativización de lo que es “verdad”, intereses económicos corporativos, publicidad disfrazada de noticia son solo algunas de las corrientes contra las que navega el periodismo comprometido.

Puerto Rico with a Big “Menu” for Opportunity Zones

According to Manuel López-Zambrana, Puerto Rico has turned into a restaurant that should have a menu to please investors coming from the United States. He is a lawyer with the DLA Piper law firm and as a government adviser, he worked on the local legislation for the Opportunity Zones, a federal program that reduced to 20 percent the federal tax rate for funds used to invest in low income communities in Puerto Rico. The previous tax rate was 37.5 percent. “The most important thing to have in mind is that Puerto Rico, as an Opportunity Zone area, is competing with other states… We have to be well aware that if we want to bring that capital here, they will be looking at a menu of other options…, they can choose from a well-done filet mignon, a lobster, and we have to come up with something that is better,” said López-Zambrana during a forum at the University of Puerto Rico Law School.

Puerto Rico con amplio “menú” para las Zonas de Oportunidad

Para Manuel López Zambrana, Puerto Rico es como un restaurante que debe tener un menú que agrade a los inversionistas de Estados Unidos. Es abogado del bufete DLA Piper y como asesor del Gobierno trabajó en la legislación local de las Zonas de Oportunidad, un programa federal que ofrece una reducción de 37.5 por ciento a 20 por ciento en la tasa contributiva federal a fondos que inviertan en “comunidades de bajos ingresos”. “Lo más importante es que Puerto Rico como área de Opportunity Zone, está compitiendo con los demás estados… Tenemos que estar bien conscientes de que si queremos traer ese capital para acá, ellos van a estar mirando un menú de opciones, que tienen un filet mignon bien hecho, una langosta, y nosotros tenemos que venir con algo que sea mejor”, dijo López Zambrana durante un foro en la Escuela de Derecho de la Universidad de Puerto Rico. La firma DLA Piper es asesora contributiva y cabildea en el Congreso a nombre del Gobierno de Puerto Rico, explicó al Centro de Periodismo Investigativo (CPI) Raúl Maldonado, Principal Oficial Financiero.

Puerto Rico Gov’t Lacks Plan to Integrate Communities into ‘Opportunity Zones’

Modesta Irizarry did not know that her town, Loíza, a municipality on the north coast of Puerto Rico, was designated as an “opportunity zone.” In the neighborhood of Salud, Mayagüez, on the island’s west side, Orlando Serrano had not heard that his community is also under the same category. So is almost 98% of Puerto Rico. Opportunity zones form part of President Donald Trump’s tax reform, which reduces from 37.5% to 20% the tax rate paid by funds that invest in these “low-income communities.” Proposed legislation at the local level that enables the federal program on the island also exempts investors from Puerto Rico and abroad from paying construction excise taxes, while reducing 50% of municipal license fees during a 15 year period. “We are trying right now to understand the opportunity zones,” said Roberto Thomas, a community organizer from Bahía de Jobos, in southern Puerto Rico, between the towns of Salinas and Guayama. Community leaders Modesta Irizarry, Orlando Serrano and Roberto Thomas told the Center for Investigative Journalism (CPI) that their communities have not had access to information about opportunity zones.