Bacolod City, Negros Occidental, Philippines Saturday, September 15, 2012
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Gone.  This development plan envisioned by Ayala Land for the 7.7 hectare Capitol property in Bacolod City is now kaput*

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‘It’s a sad day for Negros’
Ayala calls off P6B dev’t of
Capitol property – guv


This is a very sad day for Negros and Bacolod City, AyalaLand Inc. has withdrawn its P6 billion development plan for the 7.7-hectare provincial government property in Bacolod City, Gov. Alfredo Marañon Jr. announced yesterday.

On Thursday, Marañon received a letter from ALI senior vice president Emilio Tumbocon, informing him that ALI was withdrawing from the project awarded to it by the Capitol on July 20, 2011.

“Negros has lost a golden opportunity for a P6 billion investment and thousands of job opportunities for Negrenses," the governor said.moremoremore

SM to study effect
on pending case


SM Prime Holdings Inc. lawyer Patrick Vince Bayhon yesterday said they will study how AyalaLand’s Inc.’s withdrawal of its development plan on the 7.7 hectare property of the Capitol will affect their pending case against the Negros Occidental provincial government.

They have yet to confirm that ALI indeed withdrew from the project, he said.

Bayhon said he did not know if the SMPHI owners will takes steps to pursue their bid to develop the Capitol’s 7.7-hectare property with ALI’s withdrawal.moremoremore

Danding expected
at NPC rites

Ambassador Eduardo Cojuangco and six top leaders of the Nationalist People’s Coalition are expected to attend the mass oathtaking of new Negros Occidental Nationalist People’s Coalition members at the L’Fisher Hotel in Bacolod City on September 22, Vice Governor Genaro Alvarez Jr. said yesterday.

Alvarez, who is the NPC candidate for governor of Negros Occidental, said about 150 to 200 Negrenses from all over the province are expected to take their oaths.

As to a possible NPC-Liberal Party merger in Negros, and LP support for him and his running mate, former San Carlos City Mayor Eugenio Jose Lacson, Alvarez told the DAILY STAR to ask Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District).moremoremore

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