GEDA board to address procurement protest - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA board to address procurement protest

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by Mindy Aguon

Guam - The Guam Economic Development Authority board will meet on Friday morning to address a protest that was filed that delayed the sale of hotel occupancy tax bonds. A procurement protest over an award of trustee was filed a day before GEDA officials went to price on the bond market. 

The sale was expected to generate more than $80 million that was going to be used to construct a Guam museum and cultural center and make improvements to various tourist attractions.  The board is scheduled to meet tomorrow morning at ten o'clock to see how the protest can be addressed to allow the sale of the bonds to proceed.

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