A High-End Gamble

A High-End Gamble

Dominican Republic

Embarking on a $3 billion luxury real estate project in the Dominican Republic might seem overly ambitious or even foolhardy at a time when Caribbean countries are still feeling the aftershocks of the precipitous drop in tourism following the September 11 terrorist attacks in the US. Countries around the world over are trying to ward off recession. But Ricardo Hazoury, president of CapCana, a Dominican Republic real-estate developer, has broken ground on a project that he hopes will transform th

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