DR1 Daily News - Dominican Republic

After years of planning, the Banco de Desarrollo y Exportaciones (Bandex) has secured the green light from the National District City Council to develop a real estate complex on the land surrounding the iconic Quisqueya Stadium in Santo Domingo.

Diario Libre reports that the project has been backed by three consecutive governments since 2009 and encompasses the entire block around the stadium and includes plans for an apartment tower, a hotel, and a museum. Bandex already holds the property titles to the land, transferred by presidential decrees in 2009 and 2014.

The Council’s decision, through Ordinance 1/2025, reclassified the area as a Special Use Zone, removing it from a list of 12 environmental zones protected from residential development. This change, driven by Bandex and the Dominican government, allows for the construction to proceed despite opposition...