Attacks on gov't center
title scared investors, donors say
BY CHRYSEE SAMILLANO
The donors of the 5-hectare property for the Bacolod City Government Center turned over its title to the city during the Charter Day rites at the government center yesterday, finally ending a controversy due to politics that had been raised against it.
While the matter was being resolved, however, the family incurred losses of about P150 million in three years, in terms of opportunity lost due to the negative reports involving the title of the property.
During a press conference held at Business Inn yesterday, Gina Piccio, president of the Fernando F. Gonzaga and Angela Estate, said that, for three years, they could not sell their properties because they were ashamed of the controversy involving the land title of the government center lot.