This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vieques Ponders Future 10 Years After Navy Left

In late March, the U.S. Agency for Toxic Substances and Disease Registry issued a long-awaited report stating it found no proof that residents had been sickened by substances left behind by bombs and other munitions, identified by the Environmental Protection Agency as TNT, napalm, depleted uranium, mercury and lead. The report was rejected by thousands of Vieques residents, many of whom filed a lawsuit, later dismissed, that accused the U.S. government of causing illnesses by leaving harmful residues on the land.

Withers noted in his report that the Navy fired more than 300,000 munitions in Vieques from the mid-1940s to 2003, taking control of 77 percent of the land.

So far, the Navy has removed 17 million pounds of scrap metal and destroyed more than 38,000 munition items on land, according to Navy spokesman Jim Brantley.

The next step is to clear munitions underwater. Navy officials are mapping the area to determine where munitions are located, a process that will take up to 18 months, Waddill said.

"We expected that to take longer than the land cleanup," he said, adding that officials have to protect endangered coral species. "It takes time to do this kind of work safely."

Puerto Rico's Secretary of Government Ingrid Vila said the U.S. territory will push to ensure the remaining land be cleaned and returned to Vieques municipality.

Vila said officials also want to revive a 2003-2004 plan aimed at boosting the island's economy, including reopening a Vieques government office charged with economic development.

Tourism remains the island's main economic engine, with hotel occupancy growing from 41 percent to 56 percent in the past two fiscal years, according to Puerto Rico's tourism company. The number has dropped slightly so far this fiscal year.

Vila noted that a middle school is to open in Vieques in coming weeks, and that Puerto Rico's health secretary is meeting with officials in Vieques to discuss community needs.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs