A MANILA-BASED real estate developer is one of the companies interested in buying the Iloilo domestic airport site in Mandurriao, Iloilo City.
Kagawad Eduardo Penaredondo confirmed that Ayala Land, Inc. (ALI) is bent in buying the 62-hectare lot once the new international airport in Cabatuan-Sta. Barbara area operates.
Ayala Land is the Philippines’ largest and only full-line property developer of real estate and hotels and is one of the most successful operators of prime commercial spaces in the country.
Aside from the Ayala-owned firm, also mentioned were two local firms and foreign outfit that also want to develop the old airport facility.
A source from the Ayala Group of Companies also confirmed Penaredondo’s statement saying the ALI is planning to put up a business center in the area.
If the new airport opens, there would be no problem putting up high rise buildings in Iloilo City. We want to develop the old airport site into a business destination just like in Makati and Cebu City, the source said.
Based on the computations of Air Transportation Office (ATO) Manager Allan Java, sale of the Mandurriao airport lot will generate the national government P6-12billion, which is enough to pay the loan used to construct the international airport.
Penaredondo also revealed that Mayor Jerry Trenas had lobbied with President Gloria Arroyo to use the proceeds from the sale for developmental projects in Panay.
Penaredondo said the national government is planning to use the revenues from the old airport for the construction of a superhighway from Iloilo to Kalibo, Aklan.
By Francis Allan L. Angelo
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3 Comments
goodluck…………. i hope that Ayala Firms will builD a mall in that area and it will be called AYALA CENTER ILOILO
Let the battle begins with Ayala Center and SM City
Good Job! Guys we need the skyscapper buildings in Iloilo City or be located in any of the provinces of Iloilo. Cheers to ALI group! Back it up peoples! You guys are all welcome to build skyscappers in Iloilo City, Philippines. Thank You very much, and God bless us all! Also is a BIG HELP to those Ilonggos looking for a job when that infrastructures be built in the Heart of Iloilo. Now…we have something to show up in the whole world! And will be proud of it. Goodluck and Cheers to ALI Group!
Mississippi, USA