Paseo Caribe courting locals, tourists with renewed entertainment/dining proposal

11/13/19 • 21 min

Dollars and Sense, a News is my Business podcast

Ten days after Hurricane María slammed into Puerto Rico in September 2017, Paseo Caribe resumed operation of its oceanfront mixed-use complex. And despite challenges such as the exit of tenants from El Mercado food court and its retail areas, operator CPG Island Servicing continues to bet on the local market and is working again to establish a connection between the property and locals and tourists, through its entertainment and gastronomy options.

Sam Kirschner, president of CPG Island Servicing, sat down with Dollars & Sense to discuss those topics, as well as Paseo Caribe’s expectations about the upcoming opening of the El Distrito entertainment venue across the way in Miramar.

Previous Episode

FirstBank CEO says Santander acquisition is ‘transformational for the company’

Aurelio Alemán, CEO of First BanCorp., the parent company of FirstBank, explained what the acquisition of Banco Santander’s assets in Puerto Rico will represent for the market and the financial institution he heads.

He also went over aspects of the bank’s third quarter results, released a day after the deal was made public.

Next Episode

LUMA Energy CEO offers insights on P3 deal to run PREPA's grid

It has been a little more than a month since the Puerto Rico Public-Private Partnership Authority announced that LUMA Energy had been chosen to operate, maintain and modernize the Puerto Rico Electric Power Authority’s electricity transmission and distribution system for the next 15 years.

Since then, there has been much talk from different sectors in Puerto Rico concerned about what’s to come.

So, with that said, News is my Business sat down with LUMA Energy CEO Wayne K. Stensby to talk about aspects related to the agreement and how it will affect consumers, as well as the "behind-the-scenes" of the deal.