The Commonwealth Development Authority is willing to loan out some $2.9 million or 50 percent of the total funding requirement for the hosting of 2006 Micronesian Games in the CNMI.<\/p>\n
\u201cWe presented a scenario to them [Department of Community and Cultural Affairs]. There\u2019s a possible scenario that we may be able to provide a portion. CDA could probably do 50 percent if all legal ramifications are cleared,\u201d said CDA board chair Tom Glen Quitugua yesterday.<\/p>\n
He said the CDA could tap its loan funds for the project.<\/p>\n
\u201cWe have funding available for loans. We\u2019ll be looking at the repayment factors. They [administration] need to identify the source. We\u2019re meeting again tomorrow to finalize our discussion,\u201d he said.<\/p>\n
He said he met with DCCA Secretary Juan L. Babauta and Bob Schwalbach from the Governor\u2019s Office on the Micro Games funding yesterday.<\/p>\n
Quitugua said he also suggested that the administration get the participation of the Marianas Public Lands Trust \u201cbecause they\u2019re liquid.\u201d<\/p>\n
DCAA 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.<\/p>\n
The department said the funding would be needed to renovate existing sports facilities and to construct additional facilities.<\/p>\n
Babauta said there is a need to construct a new Olympics-size swimming pool and tennis courts at Oleai Sports Complex. He said there is also a need to 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.<\/p>\n
Next year\u2019s Micronesian Games is expected to attract about 1,500 to 1,700 athletes, coaches and officials.<\/p>\n","protected":false},"excerpt":{"rendered":"
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