Ten years ago, Mayagüez hosted the 21st edition of the Central Americans. (Olympus Ramos)
The economic study presented by the 2010 Foundation to demonstrate the viability of requesting the venue for the Central American and Caribbean Games in 2022 maintains that the public investment of $ 70 million that is estimated to be needed to mount the regional fair would have a return on investment of $ 223 million .
The aforementioned report, carried out by the economist José Alameda , places this return at a social return of 219%.
“Part of our evaluation was to find out if there was a return on investment for the country with an investment of $ 70 million. Well yes, over 200% ”, expressed Felipe Pérez Grajales, president of the 2010 Foundation.
“This is what makes the project viable. We are not seeing this only as a sports project, we see it as an economic development project for Puerto Rico ” , added Pérez Grajales, who was in charge of the organizing committee of the Central Americans of Mayagüez 2010.
The return on investment refers to the metric that shows the relationship between the investment and the profit obtained from said investment. As a general rule, it is used to qualify whether an investment is worth it from a financial point of view.
According to the study, the economic impact in the western region of the games held 10 years ago – both in the purchase of inputs and in the added value – amounted to $ 1,444 million with a final direct investment in public works of $ 392 million for a 268% social net return.
After the presentation of this report last Saturday, an authorization was approved on a conditional basis to ask Centro Caribe Sport to consider Mayagüez as the headquarters of the 2022 Central Americans.
In addition to this request, the Olympic Committee and the Foundation must meet this week with Governor Wanda Vázquez, Governor-elect Pedro Pierluisi and the Fiscal Oversight Board to discuss the public funding that would be needed to celebrate the Games.
At the moment, it is unknown if the Copur has already requested dates for those conclaves. In fact, El Nuevo Día contacted the spokespersons for Vázquez, Pierluisi and the entity that manages the country's finances, Mariana Cobián, Lisdian Acevedo and Edward Zayas, respectively, to find out if this management had begun. Both Cobián and Acevedo were taking steps to verify if this request had been made. Meanwhile, Zayas maintained that until the moment he contacted this medium, there was no request for a meeting.
The deadline to request the headquarters of the next Central Americans expires on November 15.