Panama: Atlapa Convention Center Auction at a StandstillThe 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 Prensa.com: "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." Source: Prensa.com 'Panama needs a competitive convention center'September 2008 The tourism and convention sectors agree that Panama 'needs' a competitive convention center. Atlapa Valued at $130 millionMay 2012 The Ministry of Finance has valued the Panamanian Atlapa Convention Center at an amount that will be difficult for futures buyers to pay. Convention Tourism Growing in PanamaNovember 2011 The sixty events held this year generated revenues of $300 million for the country. For Sale - Atlapa Convention CenterNovember 2011 In order to finance the construction of a new convention center, the Panamanian government has decided to sell Atlapa. |
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