Managua Foreigners, mainly from Anglo-America and Europe, are becoming interested in considering post-retirement life in Nicaragua, as the country has been mentioned by various media outlets due to its safety performance on major indexes and inexpensive lifestyle for tourists. The capital is also in need of more office space in downtown Managua as the city's economy continues to grow. Economists predict that its demand for commercial real estate will increase. New office buildings are currently being constructed along Carretera a Masaya and in Villa Fontana districts. The most recent inauguration being the Edificio Invercasa. "Plaza de la Revolución" (Revolution Square), formerly
American Capital of Culture the OAS's countries). It has three major objectives: The initiative was devised and is promoted by the American Capital of Culture Organization, a body set up in 1997, with the objective of promoting the American Capital of Culture and other, complementary cultural initiatives, which help to use culture as a key element in the development of the countries of the Americas. Any territory of the countries of the American continent that wish to develop the objectives of the American Capital of Culture may apply to be chosen as American Capital of Culture. "Territory" is deemed to be any physical area