JFK Financing Closes, Funds Delivered

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Guam – Demolition of the old JFK High building in Upper Tumon could begin in earnest as soon as today [Friday] after financing on the project closed in San Francisco overnight.

A release from the Guam Economic Development Authority states that GovGuam successfully closed on the financing at 2 am Guam time this morning and the funds are now in hand to allow the project to begin.

GEDA Administrator Tony Blaz is quoted in the release as saying that ” It took a strong collaboration of people, to make this day happen, truly a prime example of public-private partnership.  We all worked hard to make this happen so that the students of JFK are back where they belong.  Congratulations to all the JFK islanders, alumni, stakeholders and the people of Guam.  Biba JFK!  Biba Guam!”