Daily Star logoTop Stories
Bacolod City, Philippines Tuesday, July 12, 2011
Front Page
Negros Oriental
Star Business
Police Beat
Star Life
People & Events
Classified Ads
Guv welcomes appeals
court jai alai ruling


Gov. Alfredo Marañon Jr. said the bidding for the purchase and lease of 7.7 hectares of prime property owned by the Negros Occidental provincial government in Bacolod last week has been declared a failure, and SM Prime Holdings and Ayala Land  yesterday agreed to submit their proposals for a negotiated bidding on Friday.

It was declared a failure of bidding because both SM and  Ayala failed to meet the floor price set by the provincial government of P19,500 per square meter.

“We will ensure that the  winning bidder will offer what is most advantageous to the province and Negrosanons. This will be the biggest investment in the province so far, and it will definitely change the landscape (of Bacolod City),” the governor  said.

 The development plan of the winning bidder must also conform to the  cultural and   aesthetic requirements of Negrosanons, how the proposed development will look will be one of the considerations, he said.

 Marañon, who met with representatives of the two firms   yesterday, said the winning bidder will be decided by the provincial government’s Committee on Awards and Disposal of Property.

At the bidding on July 7, Ayala Land had proposed a P6 billion development of the area while SM said it had a P2 billion plan, Marañon said.

The Capitol property up for lease and sale consists of 7.7068 has. along Lacson Street, North Capitol Road and Aguinaldo Street in Bacolod City.

Marañon said  3.6 hectares of the property is up for  sale, while 4.1 has. directly surrounding the Capitol area is up for lease.

Ayala Land has initially said it plans to invest P6 billion for the construction of a convention center, a hotel, business process outsourcing buildings, and a shopping mall, the governor added.

In May, SM Prime Holdings Inc. officials, who were accompanied by Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District), offered to  buy or lease the property.

“We submitted an unsolicited proposal to build two hotels and convention center on property owned by the provincial government behind the Capitol. The initial estimate of investment is about P2.5 billion,” SM Prime Holdings president Hans Sy said then.*CPG



back to top

Front Page | Opinion | Negros Oriental | Business | Sports
Star Life | People & Events| Archives | Advertise
Top Stories
Button5 quakes hit Negros, PHIVOLCS watch up
Button75-year-old rapist gets 15 years
ButtonSincere set to file charges
ButtonGuv says SM, Ayala bids fail,to go for negotiated process
ButtonBoycott on Coke still on, Sugar Watch, Confed say
ButtonCops hold rob-slay suspect
ButtonTwo drivers stabbed dead
ButtonMining firm denies toxic waste
ButtonRaps vs. 7 at DPWH dismissed
ButtonStation 10 gets Kalabasa Award
ButtonSanggunian okays increased penalty for smoking in public utility vehicles
Button37 city ballot boxes up for transfer today
ButtonGuv welcomes appeals court jai alai ruling
ButtonHealth researchers to get P200,000 in study grants