Negros Occidental Gov. Alfredo Marañon Jr. yesterday said investor prospects for Negros Occidental are looking good.
The case filed by SM Prime Holdings questioning the awarding of the sale and lease by the provincial government of its 7.7-hectare property to AyalaLand is expected to be promulgated soon, he said.
Both parties are set to submit their respective memoranda on October 16 after which the court will rule on the case, Assistant Provincial Legal Officer Mary Ann Manayon Lamis said .
The governor, who is hoping for a favorable decision from the Bacolod Regional Trial Court, said this will pave the way for Ayala’s multibillion peso development of the 7.7-hectare property in Bacolod City.
The governor last week met with Jaime Zobel de Ayala and top executives of AyalaLand at the 28th Negros Trade Fair at the Glorietta Activity Center in Makati City.
He said the trade fair was very successful, the reception was overwhelming.
The governor reiterated how Rep. Imelda Marcos had said more than ten times that the Negros products she saw at the trade fair were “world class”, and bought a lot.
Marañon said he expects a lot more investors to come to Negros Occidental, citing power investors set to arrive in October.
The governor said he does not think there is a need for the reopening of the old Bacolod airport since it is very close to the Bacolod Silay Airport.
The site of the old Bacolod airport could be used for a mall like in Iloilo or a race track like in Singapore, he said.*CPG