GEDA Says JFK Bond Closing Slated for Friday Now That DOI Has Approved Rebuild

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Guam – Guam Economic Development Administrator Tony Blaz is praising the efforts of  the Governor and Congresswoman Bordallo and others in winning approval from the Department of Interior for the construction of a new JFK campus in Upper Tumon.

The property was formerly controlled by DOI and was transferred to GovGuam in 1952 with certain restrictions which required approval for its use. That approval was granted Tuesday in Washington.

Read the letter from DOI approving the JFK rebuild

GEDA Administrator Blaz said that with that approval Bond closing will now take place in San Francisco on Friday September 16th, Saturday on Guam.

Once the bond funds are transfered to Guam, construction can begin.

See GEDA Administrator Blaz’s statement is below:

GEDA Administrator¹s Statement to Pacific News Center:

” Through the concerted efforts of the Office of the Governor, Congresswoman Bordallo, and the Department of Interior, GEDA and DPW can now proceed with the closing of the JFK Certificate of Participation Bonds.  The bond closing, wherein bond proceeds will be wire transferred to Guam, is
anticipated to take place on the morning of September 16, 2010, in San Francisco.”

End of statement from Tony Blaz.