GVB eyes projects and budget for Hotel Occupancy Bond
The Guam Visitors Bureau has reached out to its members asking for preliminary project proposals.
These may be used “to create the overall budget for a Hotel Occupancy Bond "HOT 2.0" to be submitted to the board of the Guam Visitors Bureau prior to legislative introduction,” according to a Jan. 21 outreach to members.
“Project submissions must have a clear focus on improving the visitor experience and aiding in the recovery of the tourism industry,” the email to members said. All project information shall be made public, however, not the names of individuals submitting projects, GVB said.
George Chiu, chairman of GVB’s board of directors, addressed the board at its first board meeting of 2025 on Jan. 13. Photo from Journal files.
“Not all project submissions will be selected for the final roster of projects for HOT 2.0. Projects will be reviewed by the Guam Visitors Bureau and recommendations made to the Board, Guam Legislature, and Office of the Governor,” GVB also said.
Examples of "HOT Bond Eligible" projects include capital improvement projects on government property, landscape or hardscape renovation on government property, Tumon district improvements for pedestrians, and non-Tumon district improvements heavily trafficked by visitors (e.g. hiking sites)
Projects to improve privately owned land or assets, grants for payroll, and other direct aid to businesses will not be considered, GVB said. mbj
Measures to make secondary education more affordable for students in the territories and to cap the federal student loan interest rates are being discussed on Capitol Hill.
James C. Moylan, Guam’s delegate to Congress, has introduced H.R. 7673, legislation that would amend the Organic Act of Guam to allow certain lands transferred from the federal government to the Government of Guam to be conveyed back to verified original landowners or their heirs.
The Office of the Governor released photos of the meeting on Feb. 26 CHamoru Standard Time with four representatives of the Bureau of Ocean Energy Management. U.S. Department of the Interior were also in attendance, as BOEM is part of DOI.
