LILOAN Mayor Vincent Franco “Duke” Frasco’s dream of the municipality becoming a city may be realized in the next three to five years.
Frasco, who met with the press yesterday during the opening of Gaisano Grand in the northern town, said his municipality has experienced an “economic boom” in the past few years.
From an annual income of P9 million in 2007, this has grown to P85 million this year, he said.
Liloan is a first-class municipality. According to the Philippine Statistics Authority in its website, a first-class municipality should have an average annual income of P55 million or more.
To become a city, Frasco said Liloan needs to have an annual income of P100 million.
In terms of population, the chief executive said there should be at least 150,000 people in a city. Liloan has a population of 115,000, which is growing five percent annually.
If his dream is realized, Liloan will be the ninth city in Cebu.
Frasco noted the private sector’s contribution to the growth, especially real estate developers like AboitizLand and Ayala Land that have invested in the area.
To support this growth, infrastructure projects need to be undertaken, he said.
Next year, Frasco said he will prioritize road and drainage projects. There will also be government investments in education and the putting up of street lights.
The mayor said he is also in talks with a developer, who is interested in interested in building a hospital in Liloan.
In the town’s official website, Frasco said the local government is allocating 26 percent of its development fund for infrastructure development.