GEDA Releases Funding for Hagatna Restoration & Redevelopment Authority

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Guam – The Guam Economic Development Authority (GEDA) has announced it has released funds to the Hagatna Restoration & Redevelopment Authority (HRRA) in order to complete projects identified under the Hagatna Master Plan.  The funds are all part of the Capital Improvement Program established by Public Law 30-228 which utilizes proceeds from the Hotel Occupancy Tax (HOT) Revenue Bonds, Series 2011A, to fund various projects enumerated in the law.

“Restoring the luster of Historic Hagatna is at the core of Governor Eddie Calvo’s plan to revitalize our island’s capital. He has empowered the Department of Chamorro Affairs through HRRA to execute the Hagatna Master Plan. This funding is a vital step in the process of revitalizing Hagatna, instilling pride in our Capital City and helping define our destination brand image for our visitors,” Karl Pangelinan, GEDA Administrator said.

For more information regarding Historic Hagatna please contact Joseph Artero-Cameron, President, Department of Chamorro Affairs at 475-4278.

About GEDA
The Guam Economic Development Authority is an autonomous agency of the Government of Guam and a Guam public corporation. GEDA’s mission is to develop a sound and sustainable economy through innovative programs that preserve and promote local culture, economic opportunities and quality of life. GEDA is tasked to generate its own revenue to sustain its operations.

About HRRA
The Hagatna Restoration & Redevelopment Authority (HRRA) was created by Public Law 24-110 to revitalize, promote, preserve and protect the heritage and economic vitality of the City of Hagatna.