The provincial government is expecting to complete in two weeks the demolition of the buildings in the area that has been leased to AyalaLand, Provincial Administrator Enrique Pinongan said yesterday.
The buildings used to house the offices of the Provincial Environment Management Office and Provincial Agriculturist at the North Capitol Road in Bacolod City.
The Capitol property leased to AyalaLand covers 4.1 hectares.
Pinongan said the demolition of the two buildings started Saturday. Originally, it was expected to be completed within a week but was delayed by the continuing rains, Pinongan said.
He also said that the National Telecommunications Commission will have to demolish its building at the North Capitol Road, as stated in its Memorandum of Agreement with the provincial government.
Pinongan said AyalaLand leased the property for P105 million, of which P35 million will be used as a trust fund.
The Capitol property for lease and sale consists of 7.7 hectares at Lacson Street, North Capitol Road and Aguinaldo Street in Bacolod City. Of the 7.7-hectare property, 3.6 hectares are up for sale.
The SM Prime Holdings Inc. had filed a civil case seeking to halt the sale and lease of the 7.7-hectare Capitol property in Bacolod City to Ayala Land Inc. that is now pending before the Bacolod Regional Trial Court Branch 50.*GPB