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Lawmakers, agencies debate temporary extension of Lotte concession after Duty Free waiver
Summary
Officials at a Feb. 16 joint oversight hearing said Duty Free (DFS) provided a written waiver allowing a one-time extension of Lotte Duty Free Guam LLC's concession at A.B. Won Pat International Airport for up to three years beginning July 20, 2026. Agencies and senators discussed whether immediately issuing an RFP could trigger litigation or bond-market concerns and urged an emergency airport board meeting and legal review before any RFP is issued.
Lawmakers and island economic agencies met Feb. 16 for a joint oversight hearing after Duty Free (DFS) sent a letter consenting to a waiver that would permit a one-time extension of Lotte Duty Free Guam LLC’s concession at A.B. Won Pat International Airport for up to three years beyond its July 20, 2026 expiration.
The waiver, read into the record by the committee chair, states DFS "consents to an amendment of section 5 of the settlement agreement ... to permit a 1 time extension of Lotte's existing concession agreement with GIAA for the period of up to 3 years." The letter—addressed to the governor and signed for Duty Free—was distributed to senators and agency representatives the morning of the hearing.
GEDA and GVB officials said they requested quick legislative action to avoid a prolonged vacancy in a major…
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