Ayala Plans to Raise 6-Story Building
Another big project of the Ayala land in the City of Golden friendship, which they are planning to build a 6-story building at Antonio Luna St. to Corales Ave at the Capitol property of Misamis Oriental with a parking lot area on the building. The construction of the six-story building of the said area is the exchange of contract that the Ayala group offered to build a new prison facility for Misamis Oriental in Initao town.
The property of the Capitol would allow to the Ayala group to use it for 50 years then will pay at least P2 Million a month to the provincial government.
If this agreement will push through, the provincial jail will be to the property of Initao which the capitol government will spend another P200 Million to P300 Million for the new prison facilities.
If the plans and partnership will agree to their terms then the construction of the 6-story building of the Ayala will be start this June of 2015 which they are assuming that the contract is signed at this month.
What?! who allow this? the Governor? FYI this property is not owned by the province. This land was donated by prominent Cagayanon, and by law it cannot be disposed as for sale! Cagayan de Oro City Achives knows that this more than 7 hectare land is own privately. I am warning those who will be involved pursuing this action will be lawfully liable.