LA TRINIDAD, Benguet -- A realty and development corporation has renewed to pursue the development of a vacant lot in Kilometer 5.
Juanito Teope of Jarco Realty and Development Corporation penned the La Trinidad Mayor Romeo Salda expressing strong belief of the project still beneficial to the concerned stakeholders.
“Given the increasing vehicle density at La Trinidad, we are amenable to implement changes to the proposed project design-increasing the designated parking area as this is adaptive to the expected development,” the letter read.
He requested for a synergistic discussions with the municipal council and the mayor’s office.
The project was introduced during the time of then Mayor Artemio Galwan, with the signing of the contract of the construction and management of the P268 million worth commercial structure.
The 2009 contract include the construction of a 3,910 square meter integrated commercial complex under a build – operate – transfer (BOT) scheme for a period of 30 years excluding the two-year construction period.
However in 2014, the contract failed to secure the municipal council’s ratification to give a green light to the company in starting the construction.
In 2018, the company expressed optimism to convert the area into a parking facility instead of a multi-million commercial complex.
The Kilometer 5 lot in La Trinidad to date is utilized by the municipality as a pay parking area.
During the town’s council session on March 10, the letter was referred to the committee on laws and markets for their appropriate action.