Baguio assured of share in John Hay
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Inquirer Northern Luzon
12:20 AM July 11th, 2015
BAGUIO CITY—The Bases Conversion and Development Authority (BCDA) assured the Baguio government on Friday that it would continue receiving its 25 percent share from revenues generated by Camp John Hay, even after the loss of the developer with which the government agency had been feuding since 2012.
“We commit within our powers that if there are future revenues to be generated from further development of Camp John Hay, we will respect the 25 percent share [which is one of 19 conditions set by Baguio in 1994 when it consented to the development of the former American rest and recreation base land],” BCDA president Arnel Paciano Casanova said at a special session convened by the city council.
Casanova met with Mayor Mauricio Domogan and the council members to discuss the aftermath of a feud between BCDA and its developer, Camp John Hay Development Corp. (CJHDevco).
An arbitral ruling voided the Camp John Hay development lease agreement and required CJHDevco to return 240-hectares of built-up areas inside the tourism complex to the government. It also ordered BCDA to reimburse CJHDevco’s rent amounting to P1.42 billion.
The ruling, however, was elevated to the Court of Appeals (CA) which was expected to decide on July 30 on how the locators and homeowners inside Camp John Hay would be treated as a result of the lease agreement’s dissolution.
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