Panama: New Convention Center
The project would be located in the center of the city, close to hotels, and could be ready in three years.
Monday, July 20, 2009
Two reasons were indicated by the Panama Tourism Authority (ATP) for building a new conventions center: the low capacity of the center in use now, Atlapa Conventions Center, and the fact that it generates yearly losses of $1 million.
The $150 million valuation of the Convention Center in Panama has been excessive by the authorities, who have requested a downward revision in order to speed up its sale.
The Panama Tourism Authority has announced that a tender process for the new Convention Center in Amador will be held on August 24.
Administered by Panama's Tourism Authority, ATLAPA Conventions Center losses $1 million each year.
In order to finance the construction of a new convention center, the Panamanian government has decided to sell Atlapa.
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