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Bacolod City, PhilippinesWednesday, August 10, 2011
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SM eyes other areas, too

ShoeMart is looking for other areas for its expansion in Bacolod City, aside from the 7.7-hectare property of the Negros Occidental provincial government, Metro Bacolod Chamber of Commerce and Industry president Frank Carbon said yesterday.

Carbon said ShoeMart, aside from planning to expand in the area where it is located, and possibly offering to buy city government owned adjacent property, is also looking at other areas in  Bacolod.

He said, a ShoeMart official informed him that they may even bid for the  lease of the Paglaum Sports Complex property  in Bacolod City.

Governor Alfredo Marañon had earlier said the provincial government will put part of the sports complex property up for lease and that  Robinsons Land Corp has expressed interest in it, too.

Meanwhile, the governor said the provincial government will submit its answer to the Court of Appeals before Friday on the Temporary Restraining Order it issued in connection with  the Capitol’s approved sale and lease of its 7.7-hectare property to AyalaLand.

The TRO had been sought by SM Prime Holdings Inc.*CPG

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