Mayor Carlisle today announced that hosting the Asia-Pacific Economic Cooperation forum in November cost the City less than $21 million.
That’s less than half the $43 million that had been budgeted for the event.
Final costs for hosting APEC were calculated this week. The savings will offset increased electricity and fuel costs for other City operations, which have risen substantially due to increased world energy prices.
The money spent on APEC paid primarily for supplies, equipment and personnel from the Police, Fire and Emergency Services departments to ensure the safety of President Obama and other visiting dignitaries from APEC’s 21 participant economies, and to minimize traffic disruptions. The City has applied for reimbursement from the federal government for some APEC-related costs.
See the original article at: KHON2 Developing Stories
