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MVA focuses on destination enhancement program

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A $23 million post-typhoon recovery fund from the Community Development Block Grant Program is available for the Marianas Visitors Authority, MVA Managing Director Priscilla Iakopo said.

“We are planning on spending it on destination enhancement projects,” she added.

MVA board chair Marian Aldan-Pierce said the destination enhancement program is their current focus. “It’s a big job,” she added.

She said MVA is also trying to replenish its building reserve fund, which it has had to tap because of the steep decline in government revenue collection.

Aldan-Pierce said the Department of Finance has acknowledged its outstanding obligations to MVA, the unremitted hotel occupancy tax collections.

She said once the economy starts to turn around, the general funds will be replenished and MVA will get its share of the hotel occupancy tax collections.

 

 

 

 

November 2020 pssnewsletter

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