Puerto Rico wants to transform more than 70 acres of rundown waterfront and industrial space in San Juan into a mixed-use community anchored by a major ­destination hotel to generate tourism in the area.

The stretch of land, called Bahia ­Urbana, lies in San Juan Bay along 21 city blocks, in between historic Old San Juan and the city center. Officials peg total build-out costs for the redevelopment at $1.5 billion.

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