Mayor eyes coliseum at SRP-A A +A
Wednesday, October 9, 2013
CEBU City Mayor Michael Rama wants a world-class multi-purpose coliseum to be built at the South Road Properties (SRP).
In his regular news conference yesterday, Rama said establishing a world-class coliseum at the SRP will attract more buyers and investors to the SRP.
“It will add up to SRP's attraction,” he said.
Rama said the coliseum can host international gatherings, such as the Asia Pacific Economic Cooperation summit, the International Eucharistic Congress and sports events, among others.
Citing the coliseum in Kaohsiung City in Taiwan, Rama said the facility he is envisioning would be equipped with function rooms for assemblies and seminars.
The mayor said the facility can be built on any part of the SRP with enough space.
SRP management office head Roberto Varquez said they are proposing that the coliseum be built on a seven-hectare lot across the University of the Philippines Cebu property, near the City Hall block or on a three-hectare property near the Mambaling
Asked if the City-proposed facility would duplicate SM Prime Holding's plan to put up a convention center on its property at the SRP, Rama said it will not.
The mayor said the coliseum is unlike a convention center. The coliseum can be used to host international sports events, such as tennis and boxing.
Rama said the construction of the coliseum will be at no cost to the City as the SRP management office will look for interested investors.
In a separate interview, Varquez said that his office will study which scheme is more effective for the plan before looking for investors.
“We’ll study if the project can be implemented through a joint venture agreement or a build-operate-transfer scheme,” he said.
Meanwhile, Varquez said the Japanese investor who is planning to build a retirement facility at the SRP has completed the detailed engineering study for the project.
The study will be submitted to the City soon for review.
The retirement facility, which Varquez said will have 1,000 rooms, will be built on a 1.2-hectare lot at the SRP.
Varquez made clear that all projects to be implemented at the SRP will still have to be approved by the City Council.
Published in the Sun.Star Cebu newspaper on October 09, 2013.