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Chaguaramas Convention Center leased out for $1 million a year for 30 years

by | Apr 8, 2015

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Chaguaramas Convention Centre

CDA Communications Manager, Kizzie Ruiz, speaking on the Election Hard Talk programme on Power 102.1FM yesterday revealed that the Chaguaramas Convention Centre was leased out to both foreign and local investors for a sum of $1 million TT a year for 30 years.

In a round table discussion with host Tony Fraser Kizzie Ruiz revealed that in addition to the lump sum payment of $30M the convention centre would also be rented out to the investors for a total of $15,000.

K RUIZ ON PAYMENT

CDA Communications Manager, Kizzie Ruiz

Meanwhile CDA’s Public Relations Officer, Peter Campbell said the Authority outlined several requirements for investors who were interested in leasing the Convention Centre.

Campbell said many of the investors pulled out due to the requests and provisions outlined by the CDA

CLIP (P CAMPBELL ON INVESTORS)

Chaguaramas Development Authority PRO, Peter Campbell

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