Committee to Oversee Puerto Rico Facility

SAN JUAN, Puerto Rico -- Tourism officials here have formed a steering committee to guide the development of Puerto Rico's new convention center, which will anchor an unprecedented $1.2 billion waterfront project known as El Triangulo Dorado (the Golden Triangle).

The convention center, scheduled to break ground in the next three years, will add between 300,000 and 500,000 square feet of meeting and exhibition space to Puerto Rico.

"The new convention center represents a critical investment in our economy and a magnificent opportunity to develop Puerto Rico's meetings industry to the fullest," said Jorge Pesquera, executive director of the Puerto Rico Convention Bureau, who will head the steering committee.

The committee will include high-level officials from the Puerto Rico Tourism Co., the Puerto Rico Hotel & Tourism Association, Puerto Rico Transportation and Public Works and the Puerto Rico Government Development Bank.

El Triangulo Dorado is slated to be the largest waterfront development in the history of the U.S. and its territories.

The plan calls for expanded cruise ship terminals, a new homeport area, an aquarium and maritime museum, entertainment venues and other facilities.

The committee is expected to select appropriate entities for ownership and development of the convention center. The committee also will establish a meeting planning advisory board to consult on the development of the center.

The committee also will select a consulting firm, which will make recommendations on the size and configuration of the facility as well as the financial aspects and will develop a five-year plan for sales and marketing.

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