Broadcasting Commission acquires new HQ
The Broadcasting Commission of Jamaica is to be relocated to its new home at 9 Central Avenue, Kingston, which is being acquired for $95 million.
The commission is currently located in rented space on the fifth floor of the Victoria Mutual Building Society's complex at Knutsford Boulevard in New Kingston, which is "inadequate to meet the needs of the staff, commissioners and stakeholders", minister with responsibility for information, Senator Sandrea Falconer, said at Wednesday's post-Cabinet press briefing.
She said the commission needs to have a larger pool of media monitors but is constrained by the current lack of space.
Additionally, the rent paid by the commission has been increased every year since 2004/05. The current annual rental stands at $15.4 million.
Faulkner said Cabinet has approved the purchase of the Central Avenue property, which is about a third of an acre and houses a two-storey office building with a total floor area of 9,600 square feet.
The property was valued by the National Land Agency in January at $98 million.