The Federal Emergency Management Agency confirmed it has awarded Puerto Rico nearly $56 million in grants to cover Hurricane María-related expenses.
The government of Puerto Rico has sold a commercial lot, known as the “former Sears property” in Hato Rey — held in the defunct Government Development Bank’s portfolio — for $11.6 million.
The government’s attempt to overhaul Puerto Rico’s tax code into an easy-to-monitor regime “adds yet another layer of complexity” to the island’s already complicated situation.