Hosting APEC came in under budget
HONOLULU - Mayor Peter Carlisle says it cost Honolulu less than half the budgeted $43 million to host the Asia-Pacific Economic Cooperation forum.
Final costs for hosting APEC in November were calculated this week. Carlisle says the price tag ended up being less than $21 million.
APEC expenses included paying for supplies and equipment and ensuring the safety of dignitaries such as President Barack Obama. The city has applied for federal reimbursement for some of the costs.
The savings will offset increased electricity and fuel costs for city operations.