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Tuesday, September 05, 2006
Tom willing to cut price for SRP lots
Mayor Tomas Osmeña is “willing to dive the price of the South Road Properties (SRP)” if only to defend his pet project from
detractors, attract more people to it and sell the land to take care of the Cebu City Government’s debt.
“We have to re-shift our strategy. We have to create a situation before Christmas where many people will go to the SRP. So soon we will open it to the public on a controlled basis,” he told a news conference.
Priority
Dispelling talks that it is hard to sell the properties to investors, Osmeña announced that the City is about to close a deal for a restaurant strip and for the construction of a white sand beach on the 240-hectare SRP.
“Our priority is that we don’t go bankrupt. When we hit the panic button we will sell five hectares at P5,000 per square meter.
It should take care of our one-year debt service. We will have to do something that will help the economy of Cebu, which is the main objective of the SRP,” he said.
He said the City will “make a lot of activity for pedestrian traffic and to off-set this propaganda that the SRP is lousy.”
“If we see thousands of people going there on weekends then we made our statement,” Osmeña said.
City Administrator Francisco Fernandez, in an interview last month, said unless the infrastructure development and the operation of the utilities at the SRP are complete, the City will have a hard time attracting locators to the facility.
The City already tested the sewage treatment plant at the SRP and it turned out functional.
Fernandez said the Visayan Electric Company is putting up electrical posts, cables and the needed transformers so power will be available at the site.
Also underway are the construction of the boardwalk and filling up the coastline with white pebbles.
Value
The mayor, was hoping that once completed, the present of value of SRP lots, pegged at P15,000 to P20,000 per square meter, could double.
“We will not finish this in time for the Asean (Association of Southeast Asian Nations), but what’s important here is that the value of the area will change dramatically when they see a white sand beach. The City will have something everybody can be proud of,” Osmeña said. (GAC)
For Bisaya stories from Cebu. Click here. (September 5, 2006 issue)
Write letter to the editor.Click here.
Join the Sun.Star message board.Click here.
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