Chart 1. Financing Government-Managed Nature and Heritage Tourism
Attraction |
Purpose |
Financing Sources |
Operational Characteristics |
Northern, Central, Southern Ranges & wetlands, Trinidad
Main Ridge, Tobago |
Education and research |
Capital and operating costs funded by government. Revenues
from license and permit fees. |
Revenues insufficient to cover operating costs. Approximately
US$84,650 in revenues lost to private tour operators. Government
subsidized. |
Dominicas 12 sites for potential tourism use. |
Environmental education, recreation, and research |
CDB loan of US$4 million to evaluate tourism potential at the
sites. |
Revenue flows to be determined. |
Historic buildings, Cabrits, Dominica |
Historic preservation and education (through visitor
center) |
Capital investment funded by CIDA. Revenues from entrance fees
and souvenir sales. |
Revenues should cover operating costs to qualify project for
SPIF funding. |
Central market, Castries, Saint Lucia |
Historical |
SPIF grant for infrastructure to sell local crafts. Revenues
from stall rentals. |
Revenues should cover operating costs to qualify project for
SPIF funding. |
Waterfront market, St. Vincent |
Historical |
SPIF grant for infrastructure to sell local crafts. Revenues
from stall rentals. |
Revenues should cover operating costs to qualify project for
SPIF funding. |
Historic sites, Barbados |
Historical |
IDB funded a study to identify heritage sites. |
Revenue flows to be determined by evaluation. |
Gun Hill Signal Station, Barbados |
Historical and educational |
Capital investment funded by government. Nominal entrance
fees. |
Revenues insufficient to cover operating costs. Government
subsidized. |
Fort Granby, Tobago |
Historical |
Capital investment funded by government. Revenues from
entrance fees and souvenir sales. |
Revenues insufficient to cover operating costs. Government
subsidized. |
Heritage Village, Studley Park, Tobago |
Historical and educational |
Capital investment and operating capital provided by
government and commercial donations. |
Revenue flows to be determined. |
Turners Hall Wood, Barbados |
Educational |
Capital investment provided by government grant. Revenues from
nominal entrance fees. |
Revenues insufficient to cover operating costs. Government
subsidized. |
Farley Hill National Park, Barbados |
Historical, educational, and recreational |
Capital investment provided by government grant. Revenues from
nominal entrance fees. |
Revenues insufficient to cover operating costs. Government
subsidized. |
Joes River Tropical Rain Forest, Barbados |
Educational |
Capital investment provided by government grant. Revenues from
nominal entrance fees. |
Revenues insufficient to cover operating costs. Government
subsidized. |
Harrison Cave, Barbados |
Educational |
Capital investment provided by government grant. Revenues from
entrance fees, restaurant, and souvenir sales. |
Revenues fully cover operating costs. |
Attraction |
Purpose |
Financing Sources |
Operational Characteristics |
Barbados Primate Research Centre and Wildlife
Reserve |
Environmental education and research |
Capital investment funded by CIDA. Revenues from entrance fees
and export/sale of monkeys for medical research. |
Revenues cover operating costs. |
Asa Wright Nature Centre, Trinidad |
Environmental education, research, and species-specific
management |
Capital investment provided by owner equity. Revenues from
entrance fees, stayover visitors, rental of research station, grants and
donations. |
Revenues cover operating costs. |
Museum and Interpretation Centre, Pigeon Island, Saint
Lucia |
Educational and historical |
Capital investment provided by SPIF grant. Revenues to come
from entrance fees and souvenir sales. |
Revenues should cover operating costs to qualify project for
SPIF funding. |
Grenade Hall Signal Station, Barbados |
Educational and historical |
Capital investment provided by commercial bank loan and loan
from financial agency. Revenues to come from entrance fees and souvenir
sales. |
|
Stollmeyer Castle, Trinidad |
Historical |
Capital investment provided by government and donations.
Revenues from special events and government subsidies. |
Revenues cover operating costs. |
Grenade Hall Forest, Barbados |
Educational |
Capital investment provided by commercial bank loan with 12.75
to 16.5 percent interest and loan from financial institution with 10 to 13
percent interest. Revenues from entrance fees. |
Entrance fees to be set at levels sufficient to cover
operating costs and to repay loans. |
Welchman Hall Gully, Barbados |
Educational |
Capital investment provided by grants and donations. Revenues
from entrance fees. |
Revenues insufficient to cover operating costs. Subsidized by
the Barbados National Trust. |
Attraction |
Purpose |
Financing Sources |
Operational Characteristics |
Flower Forest, Barbados |
Educational |
Capital investment provided by owner equity and commercial
bank loan. Revenues from entrance fees and souvenir sales. |
Revenues cover operating costs. |
Oughterson Zoo Park, Barbados |
Educational |
Capital investment provided by owner equity and commercial
bank loan. Revenues from entrance fees and souvenir sales. |
Revenues cover operating costs. |
Freshwater Reef-Atlantis Submarines, Barbados |
Educational |
Capital investment provided by equity and commercial bank
loan. Revenues from participation fees and souvenir sales. |
Revenues cover operating costs. |
Highland Outdoor Tours, St. Thomas/St. James,
Barbados |
Educational |
Capital investment provided by private sources as equity, loan
from Tourism Development Corporation, and grant from Barbados Tourism Authority.
Revenues from participation fees. |
Revenues cover operating costs. |