GEDA bonds sold in less than a half-hour - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA bonds sold in less than a half-hour

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by Mindy Aguon

Guam - It took less than 30 minutes for the government's hotel occupancy tax bonds to be sold on the market. As a result, $90 million will be available to make Guam more attractive as a tourist destination and will also help save jobs in the tourism industry.

$27 million will be used to build a Guam museum and cultural center, with another $28 million available to make improvements to the Fujita Pump Station, Hagatna restoration projects, improvements to public facilities at tourist attractions, and to the Hagatna Tennis Courts and Pool, among other venues. 

According to the Governor's Office, the bond issue will close on April 28.

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