Panama: Atlapa Convention Center Auction at a Standstill

The auction that was scheduled for late 2008 has been stalled since then and will continue when the Ministry of Housing changes the way the land can be used and allows the construction of hotels and residential projects.

Tuesday, March 10, 2009

Marco Tulio Hernandez, coordinator of the Division for the Promotion and Sale of State Property, informed "The intention of this office is to endow the land with usage that would allow the construction of hotels and residential projects, 'with the indispensable condition of keeping the convention center,’ something that has been demanded by the tourism and business industries in Panama. Hernández was not confident that the auction would be concluded before the end of the term of the current government, but he said that they are working 'as if there were going to be no change. If we do not do it on time, we would hand over any progress made to the next administration."

More on this topic

Panama: Urgent Need for Atlapa Remodelation

March 2013

Pending the completion of the construction of the new convention center in Amador, it is imperative that Atlapa be able to host international events.

For some remodeling the Atlapa Convention Center is an unnecessary initiative, however for others it is something that cant be postponed, for the sake of the country's tourism.

Atlapa Sale Price Revision

June 2012

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 Minister of Tourism in Panama, Solomon Shamah has described the price resulting from an appraisal conducted by the Ministry of Economy and Finance as "excessive".

Atlapa Valued at $130 million

May 2012

The Ministry of Finance has valued the Panamanian Atlapa Convention Center at an amount that will be difficult for futures buyers to pay.

The appraisal of the Atlapa Convention Center, commissioned by the Ministry of Economy and Finance in Panama, gave the complex a value of over $130 million, said the manager of the Tourism Authority of Panama (ATP), Solomon Shamah.

'Panama needs a competitive convention center'

September 2008

The tourism and convention sectors agree that Panama 'needs' a competitive convention center.

The auctioning of the Atlapa convention center, which according to the Ministry of the Economy and Finance (MEF), will be completed sometime at the end of 2008 or the beginning of 2009 and will create range of opportunities for the San Francisco convention center.

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