JEB BUSH TO RAISE FUNDS IN PUERTO RICO
As reported today by El Nuevo Dia, former Florida Governor and potential
Republican Presidential candidate Jeb Bush will visit Puerto Rico on April
28. Bush will participate in a $1,000-a-plate fundraising luncheon at a Repu-
blican Party delegate's house in Caparra, as well as a public town hall meet-
ing in Bayamón. The former Governor is a Spanish speaker, and is married
to a Hispanic woman, which is expected to help him in the island's Republican
primaries next year. Bush has yet to officially announce his 2016 presidential
candidacy.
PUERTA DE TIERRA HOUSING PROJECT DEMOLISHED
From The San Juan Daily Star:
The demolition of seven buildings that housed 336 residential units in the
former Puerta de Tierra public housing project in San Juan kicked off Monday
morning, Housing Department Secretary Alberto Lastra and Public Housing
Administrator Gabriel López announced in a joint statement. “The final stage
of the transformation of Puerta de Tierra community begins today,” Lastra
said. “This demolition makes way for the construction of new housing units
that will enable the integration of diff erent social components to create new
spaces according to contemporary demands. With this new concept, residents
will be empowered in their own urban environment.”
COURT DELAYS PR GAY MARRIAGE CASE
From The Washington Blade:
A federal appeals court has delayed oral arguments in a lawsuit challen-
ging Puerto Rico’s same-sex marriage ban. A one paragraph ruling the
1st U.S. Circuit Court of Appeals in Boston released on Tuesday states
“it is premature to set an oral argument date at this time” because of the
four marriage cases that are currently before the U.S. Supreme Court.
COAST GUARD SEARCHES FOR CRUISE PASSENGER
From Yahoo! News:
The U.S. Coast Guard is searching for a missing cruise ship passenger
from Ireland suspected of going overboard near Puerto Rico. Spokesman
Ricardo Castrodad said Tuesday that 67-year-old Dominic William O'
Carroll is believed to have gone missing just south of the Puerto Rican
island of Vieques.
PREPA: EXTEND FORBEARANCE AGREEMENTS
From Caribbean Business:
The Puerto Rico Electric Power Authority (Prepa) announced Tuesday that
it has offered to extend the existing forbearance agreements by another
15 days pending ongoing discussions. Late Monday, after canceling a dili-
gence meeting scheduled among Prepa and the bondholders’ advisers, a group
of bondholders proposed a 30-day extension of the forbearance agreements.
Among other things, this extension would have required Prepa to set aside
$122.5 million from its debt service reserve fund and also pay a $1 million
amendment fee to the forbearing bondholders. In addition, Prepa would have
been required to work on a plan to pay the bondholders’ obligations, and
to appoint a third-party monitor to review and process the bondholders’
information requests and publish confidential information that would allow
the forbearing bondholders to buy and sell Prepa bonds.
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