Base Information/Correspondence - Installations in Guam Page: 73 of 742
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6
and abrupt closures of SRF and FISC? How about a Joint Venture partnership
agreement between Guam and the military for the use of the facilities? Is it
economically feasible for Guam to attract private businesses in the business of ship
repair and maintenance or perhaps steel related industries who are willing to engage in
entrepreneurial capital investment with the understanding that profits will be shared
with the Navy? I contend that a Joint Venture Agreement for mutual profit sharing
makes sound economic sense and will serve in the best interest of Guam and the United
States Government. This is premised on the following:
1) Facilities will remain open and the employees will still be in the work
force with GovGuam or a private company being co-venturers;
2) Private companies will pay their fair share of applicable taxes and will
contribute to the local government coffers;
3) In the event of an emergency, the facilities can be readily nationalized or
dedicated to the sole use and operation by the military for their
operations;
4) The non-military joint venture partner will be responsible for maintenance
and upkeep of the facility. The profit share to the military will beadjusted to reflect these costs. In addition, the non-military party may and
is encouraged to invest in the upgrading of the project facilities.
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Base Information/Correspondence - Installations in Guam, text, Date Unknown; (https://digital.library.unt.edu/ark:/67531/metadc27609/m1/73/: accessed April 25, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.