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Investments jumpstart Colonial Zone’s economy

Santo Domingo.- The Inter-American Development Bank´s (IDB) representative in the country on Tuesday said the Colonial Zone is starting to gain economic momentum as the result of investment and tourism promotion by the Government and other entities.

Flora Montealegre noted however that the refurbishing of historic buildings and structures, construction of streets and sidewalks and other work in the area have led to controversy and confrontations between the authorities, merchants and residents.

She cited the collapse of part of the colonial era Hotel Frances last May and the revamping of the Ruinas de San Francisco site.

She said the government investment in the Colonial City will transform the lives oof the historic center´s residents and tourists.

Montealegre spoke in the Central Bank to present the study on “Demographic and economic scenario of the Colonial City,” sponsored by the Tourism Ministry.

Source: DT

Oct 28, 2015

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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