Bacolod City—A new growth area is seen to rise in the southern part of Bacolod with the proposed developments on an 8.8-hectare property donated by the Yanson family to the city government.
Mayor Evelio Leonardia said on Tuesday afternoon that he has signed the two contracts of donation for the parcels of land that will be the future site of the city’s southbound terminal, as well as a coliseum and a museum.
“I have already signed the documents and these have been submitted to the Sangguniang Panlungsod for ratification,” he added.
The City Council, which last week granted authority to the mayor to sign the deeds of donation, is expected to ratify the contracts during the regular session on Wednesday.
“In this deal, we earned a big-time property. This is really advantageous to Bacolod. There is no doubt about it,” the mayor said, adding that the city has scored a “grand slam” in obtaining the donated land.
The Yanson Reality Development Corp. and the Vallacar Transit Inc. are identified as the donors of the adjacent properties worth at least P440 million located in Barangay Alijis.
Of the total 8.8 hectares, the larger portion of 7.3 hectares will be used for the coliseum and museum while the 1.5 hectares will be utilized for the south terminal.
“At this age and time, to get eight hectares is hard to comprehend. We should be thankful. We should be happy,” the mayor said.
Leonardia pointed out that the rise of the Bacolod City Government Center, also on a donated property in the eastern part of the city, has set an example of the economic growth that happened in what used to be an undeveloped part of Bacolod.
“It was difficult for us to sell the idea in the past because they have not seen yet what happened to the Government Center. I assure you what happened here in the Government Center will also happen, or even faster or better, (in the Yanson property). The area is larger and the investment will be bigger,” the mayor said.
Leonardia enjoined Bacolodnons to be excited in looking forward to the future of the city.
“We have to sustain the growth and development of Bacolod. This program will definitely accelerate things for us in Bacolod,” the mayor added.