GEDA reaches out to investors online
Guam - Over $55 million is available for the construction of nearly two dozen capital improvement HOT bond projects, including building the Guam Museum - now you can see first hand the progress of them all with a few quick clicks. The Guam Economic Development Authority officially launched the Guam HOT Bonds website and Facebook page, offering the community - along with potential investors - a glimpse of where millions of dollars from the Hotel Occupancy Tax Bond are going toward.
GEDA Real Property Division manager Larry Toves says it's the site's intent to get the public involved and familiarized with what projects are in development, telling KUAM News, "It's more or a less an outreach program, so if there's any questions regarding the development of each project as move forward, it's on the website."
The website will provide more information on funding, requests for proposals and this list of categorized projects in Hagatna, the island's public parks along with village and Tumon projects. Facebook meanwhile allows more interaction on the projects and offer up to date status on the project's development.
GEDA deputy administrator Tina Garcia says the most discussed project will be Guam's first permanent and comprehensive cultural and education museum. "We are proud to be able to work on this project because down the line when our youth and group continue to grow they will be able to see all the accomplishment that our people have gotten through the years," she said.
Of the 23 HOT bond projects, the Guam Museum is the biggest with $27 million dedicated to its construction at Skinner's Plaza. Governor Eddie Calvo meanwhile says the site namely the status of the revitalization of our capital city helps us remember where we came from. "And we now have critical resources that will assist us in not only building a museum in the heart of our city, but will also add improvements to our infrastructure system in Tumon Bay, so that we can grow our economy and have additional resources so that we can build a better community for ourselves," he said.