Bill funds Hagatna redevelopment
Efforts to restore Hagatna will be able move forward if Bill 358 is passed. The measure introduced by Senator Michael San Nicolas would fund the Hagatna Restoration and Redevelopment Authority.
June 25, 2014Updated: June 25, 2014
By KUAM News
By KUAM News by Sabrina Salas Matanane
Guam - Efforts to restore Hagatna will be able move forward if Bill 358 is passed. The measure introduced by Senator Michael San Nicolas would fund the Hagatna Restoration and Redevelopment Authority. According to San Nicolas the law that created the authority only provided a one time funding source and as a result has not had the resources necessary to carry out its goals. Bill 358 however would set aside the property taxes from improvements in Hagatna for the development projects of the Hagatna Restoration and Redevelopment Authority. The senator says securing this investment provides hard dollars into the promise of preservation, promotion and job creation that is Hagatna redevelopment.
Guam - Efforts to restore Hagatna will be able move forward if Bill 358 is passed. The measure introduced by Senator Michael San Nicolas would fund the Hagatna Restoration and Redevelopment Authority. According to San Nicolas the law that created the authority only provided a one time funding source and as a result has not had the resources necessary to carry out its goals. Bill 358 however would set aside the property taxes from improvements in Hagatna for the development projects of the Hagatna Restoration and Redevelopment Authority. The senator says securing this investment provides hard dollars into the promise of preservation, promotion and job creation that is Hagatna redevelopment.