MVA Takes from Peter to give to Paul

“A s of April this year MVA payables to its offshore partners and local vendors had reached $940,000 as of April this year,” according to Marianas Visitors Authority Managing Director Priscilla Iakopo

In March, the board approved the use of the funds reserved for building improvements to cover MVA payroll for the remaining months of fiscal 2020.

Iaokopo said the building reserve fund had a balance of $605,000, while MVA will need $433,000 to cover the payroll of its 11 remaining employees through the end of fiscal 2020.

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