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John Paulson Says He's Still Considering Move to Puerto Rico

  • Hedge-fund manager speaks at investment conference in San Juan
  • Paulson plans hotel expansion and condominium development
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QuickTake: Puerto Rico's Swelling Debt

John Paulson hasn’t given up on Puerto Rico.

The hedge-fund manager said he’s still considering moving to the Caribbean island from New York after flirting with the idea in 2013. Beautiful weather, real-estate opportunities and tax breaks have resulted in Paulson buying luxury hotels and a 326,000 square-foot (30,286 square-meter) office building in San Juan’s financial district, he said during the 2016 Puerto Rico Investment Summit in San Juan on Thursday. He plans to expand his St. Regis Bahia Beach Resort and develop new condominiums in the Condado neighborhood of San Juan. He already owns a home and an apartment on the island.