Calvo, GEDA close bond issue

by Mindy Aguon

Guam - The documents are signed and come midnight tomorrow, the Government of Guam will be $90 million richer. This afternoon Governor Eddie Calvo and Guam Economic Development Authority officials closed the Hotel Occupancy Tax Bond issue this afternoon during a special signing ceremony. 

The sale of the HOT Bonds resulted in more than $90 million that will be used to build a Guam museum and cultural center. The proceeds will also be used to fund more projects to help grow the island's tourism market and strengthen the tourism industry.