AYALA Land Incorporated (ALI) presented its P25-million enhancement plan for the Capitol Lagoon and Park in Bacolod City Wednesday to officials of Negros Occidental.
The development will be start before 2015 ends and is projected to be completed by the fourth quarter of next year.
“We are very excited that part of our Capitol Central Estate Project is the introduction of improvements to the Capitol Park. It is part of our project and agreement with the provincial government,” ALI Assistant Vice President Jojo Lopez said.
He added that the P25-million budget for the Capitol Lagoon improvement is part of the company's payment for the purchase of lots.
ALI is buying 3.7 hectares and is leasing four hectares of the Capitol properties. The total amount of actual purchase is around P750 million.
Governor Alfredo Marañon Jr. said the Capitol Lagoon will have a world-class park based on the presentation of ALI.
“You know Ayala, they sacrifice profit in favor of aesthetic. The carabaos will remain,” the governor said.
He also bared plans to repaint the Capitol Building to suit with the Lagoon enhancement.
“I think the last time the old Capitol building was repainted was 20 years ago,” he said.
The governor added that he is satisfied with the plans presented by ALI except that he does not want to remove the fences of the Lagoon.
Moreover, Lopez said they want to upgrade the park and introduce some improvements.
“We want to come up with a much better park. We have good things there already and we want to enhance them like the artworks which are impressive. The parking areas will be organized. We will improve the perimeter of the Lagoon and introduce new platforms where people can feed fish and engage closer to the park,” Lopez added.