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ANNEX 3. CHART 1, CHART 2, CHART 3

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.

Dominica’s 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.

Turner’s 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.

Joe’s 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.


Chart 2. Financing NGO-managed Nature and Heritage Tourism

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.


Chart 3. Financing Privately Managed Nature and Heritage Tourism

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.

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