NewsWhore
05-15-2009, 05:20 PM
Months of rumors and speculation were proved to be well-founded yesterday as officials announced the building of the Juan Marichal Culture and Sports Center. Legendary pitcher Juan Marichal is the only Dominican currently in the Cooperstown Hall of Fame.
The project, announced as a joint public-private initiative, will include the remodeling of the Quisqueya baseball park, a new hotel, casino, a housing complex, office and commercial space and a baseball history museum. The project's initial price is US$135 million, as reported in the Listin Diario.
Architect Joaquin Geronimo, general manager of the National Housing Bank, said that the groundbreaking ceremony for the Center would take place next month. Geronimo added that a request for transfer of lands from the state to the Housing Bank (BNV) has already been submitted to Congress and that the construction works would not affect this year's winter baseball tournament. Geronimo said that building work, which is expected to last for three years, will be funded by the sales of apartments and commercial space. The project calls for the construction of 20 high rises of 9 to 19 floors each.
Hector Cruz, writing in the Listin Diario, comments that it is likely that the money will be borrowed from foreign banks "and will be paid by my grandchildren and their children in the next 50 years." He speculates that it looks like the government will be providing the land on which the complex will be built, the logistics, and the loans.
More... (http://www.dr1.com/index.html#14)
The project, announced as a joint public-private initiative, will include the remodeling of the Quisqueya baseball park, a new hotel, casino, a housing complex, office and commercial space and a baseball history museum. The project's initial price is US$135 million, as reported in the Listin Diario.
Architect Joaquin Geronimo, general manager of the National Housing Bank, said that the groundbreaking ceremony for the Center would take place next month. Geronimo added that a request for transfer of lands from the state to the Housing Bank (BNV) has already been submitted to Congress and that the construction works would not affect this year's winter baseball tournament. Geronimo said that building work, which is expected to last for three years, will be funded by the sales of apartments and commercial space. The project calls for the construction of 20 high rises of 9 to 19 floors each.
Hector Cruz, writing in the Listin Diario, comments that it is likely that the money will be borrowed from foreign banks "and will be paid by my grandchildren and their children in the next 50 years." He speculates that it looks like the government will be providing the land on which the complex will be built, the logistics, and the loans.
More... (http://www.dr1.com/index.html#14)