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Luxury Condo Project Opus Awaits Tax Incentive Decree

Published Aug 6, 2026, 11:10 PM ASTvia El Nuevo Día

At a glance

  • Opus luxury condo project awaits tax incentive decree
  • Project would receive 15-year tax exemption and construction fee waivers
  • Lobbying efforts by Politank and Francisco Domenech allegedly aided the project’s owners

Why this matters: The approval of the tax incentive decree for Opus could have significant implications for Puerto Rico’s economy, particularly in the tourism and construction sectors, as it could attract more luxury developments to the island.

Our coverage

Act 60, explained: who qualifies, what it costs, the debate

The luxury condominium project Opus in Miramar’s Convention District is still awaiting a tax incentive decree, which would grant it multiple benefits, including a 15-year tax exemption and construction fee waivers. The project’s construction continues as the Department of Economic Development and Commerce (DDEC) evaluates the owners’ request for a special tax treatment under Law 60 of 2019.

According to documents, lobbying efforts by Politank, allegedly aided by its founder and Secretary of the Governor’s Office, Francisco Domenech, have been ongoing since May 2025 to secure incentives for Opus. The project’s owners modified their plans to include a condohotel to qualify for preferential treatment. DDEC Secretary Carlos Ríos Pierluisi confirmed that Opus does not yet have an approved decree and its application is still under evaluation.

Domenech, who is under investigation by the Office of the Special Independent Panel, has denied any wrongdoing.

In context

SourceEl Nuevo Día

Our coverage

Act 60, explained: who qualifies, what it costs, the debate

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