FESTPAC Could Generate Tens of Millions For Guam Economy

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Denight says they expect the event to generate more revenue for the island economy than what it is costing the government.

Guam – There are just 17 days left until FESTPAC. Today (Thurs.) FESTPAC committee chairman Nate Denight gave an update on the plans to the Rotary club of Guam. He spoke about the cost of FESTPAC and the economic boost.

 

 

 Denight says they expect the event to generate more revenue for the island economy than what it is costing the government. “What it’s looking like now the event will cost is roughly $7 million in cash and in kind we’ll probably have about a million to a million and a half. So about $8.5 would be the total budget of the event. As far as what it’s bringing in is the event is positioned in May and May is the slowest month of the year besides the beginning of May which is golden week in Asia. So like the marathon the marathon had about 1500 off island runners and that provided six million dollars in expenses. We haven’t done the math but we’re expecting 3000 delegates and about 10 thousand people coming just for FESTPAC so I would say the impact would be tens of millions of dollars,” said Denight.

 27 pacific countries will come to Guam to celebrate for the first time on Guam the Festival of the Pacific Arts. FESTPAC central will be at the Paseo. “We’ll have off site parking at the Agana pool with shuttles. Agana Shopping Center will have shuttles and then just right now I wanted to mention all the infrastructure going on in the Hagatna area you can see the crosswalk will be permenantized that’s the hot bond project paid for by tourism dollars to build that crosswalk in time for the Festival so at Chamorro village you see the people out there on Wednesday the guards we’ll have a full time crosswalk for that. So you could park throughout Hagatna you know it’s actually quite convenient you just walk over the street there’s a lot of city parking.”

 Denight says they will be announcing some of the designated parking areas in Hagatna at a later date. During the opening and closing ceremonies they might close down a stretch of marine drive much like they do for the Liberation day parade.

 A few nations won’t be providing delegates to FESTPAC for example Pitcairn and Vanuatu.