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CDA still open to funding Micro Games
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Posted on Nov 25 2005
Commonwealth Development Authority board chairman Tom Glenn Quitugua said the agency remains open to the proposed funding of next year’s Micronesian Games.
“The offer still stands. We’re just waiting for them [Executive Branch] to pursue it,” said the chairman in an interview this week.
He earlier said that the CDA board would be willing to loan out some $2.9 million or 50 percent of the total funding requirement for the hosting of the Games on Saipan.
He said the CDA can tap its loan funds for the project.
“They [administration] need only to identify the source of funds for repayment,” said Quitugua.
The board chairman proposed earlier that the Executive Branch could secure the other half of the funding requirement from the Marianas Public Lands Trust.
MPLT officials, said though, that no such request has reached them.
MPLT said that it could not just give away loans without a solid repayment method.
The Department of Community and Cultural Affairs earlier asked the CDA for a $5.8 million funding for the regional sports event which will be held on Saipan in July next year.
The department said the funding would be needed to renovate existing sports facilities and to construct additional facilities.
The government aims to construct a new Olympic-size swimming pool and tennis courts at Oleai Sports Complex and renovate the Gilbert C. Ada Gymnasium and Kan Pacific swimming pool.
Others funds would be spent for the installation of additional lighting at the Olympic-standard Oleai track and field, construction of grandstands at the three Oleai Sports Complex fields, and construction of toilet and shower facilities.
