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Wednesday, September 2, 2015

Puerto Rico News Digest For September 2, 2015

CARRAIZO RATIONING COULD END SOON


















After several days of moderate to heavy rain, first from Tropical Storm
Erika, and then from a tropical wave which affected the island yesterday,
water levels at Carraízo and La Plata reservoirs have seen significant gains.
Carraízo has gone up by 20 centimeters overnight, with today's level stand-
ing at 37.17 meters. AAA/PRASA, Puerto Rico's water utility, has indicated
that if Carraízo's  level reaches 41 meters, water rationing for its area would
likely end. La Plata, however, would need to reach 51 meters to get to its op-
timal level; it currently sits at  36.65 meters. Yesterday's tropical wave left
up to 4 inches of rain on parts of Puerto Rico.


PRASA DEBT PAYMENT EXTENDED


From The San Juan Daily Star:

La Fortaleza Chief of Staff Víctor Suárez said Banco Popular agreed to ex-
tend to Sept. 15 a $90 million payment owed by the Puerto Rico Aqueduct
and Sewer Authority (PRASA) that was due Monday. However, he could
not say when PRASA will go to the market with a $750 million bond issue
it will use in part to pay the line of credit with Banco Popular. “When con-
ditions are ripe, we will go,” he said. STAR sources, however, say that Bank
of America Merrill Lynch will probably cancel the bond issue altogether.
Meanwhile, Suárez refused to reveal whether multinational companies will
assume a greater burden as part of the five-year fiscal adjustment plan, whose
presentation was pushed back to Sept. 8.


FL SENATOR MARCO RUBIO TO VISIT PR


From Caribbean Business:

Republican presidential hopeful Marco Rubio is scheduled to visit Puerto Rico
this week, his staff said Tuesday. Spokeswoman Olivia Perez-Cubas told The
Associated Press that the Florida senator will meet with supporters on Friday
in San Juan. Rubio's one-day visit will coincide with that of Democrat Hillary
Clinton.  He is scheduled to attend a fundraiser before the rally.


TRUMP GOLF COURSE TO BE AUCTIONED



U.S. Bankruptcy Judge Enrique S. Lamoutte-Inclan signed off Monday an 
order approving the auction of the Trump International Golf Course in Río 
Grande. Bidding will start at $2 million in November, with a final sale hear-
ing slated for December, court documents showed. The property, also known 
as Coco Beach Golf & Country Club, filed for Chapter bankruptcy protection 
in July, citing $78 million in liabilities and $9.2 million in assets.


COP ARRESTED FOR HUMAN TRAFFICKING


From Fox News Latino:

An officer of the San Juan Municipal Police was arrested by U.S. federal
authorities on charges of human trafficking for her attempt to bring a Do-
minican citizen from the island of Antigua into Puerto Rican territory ille-
gally. The U.S. attorney in San Juan, Rosa Emilia Rodriguez, said Tues-
day in a statement that police officer Luz Zoraida Rojas was arrested on
Aug. 28 after paying $1,000 to an undercover cop - who pretended to be
an immigration official - for trying to introduce a Dominican male from
Antigua into Puerto Rico.




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