Beautiful Cebu

Cebu is not the same colonial province time has forgotten decades ago. It is not a periphery to the center but rather, a destination with its own unique charm. Discover for yourself. See new destinations in the Cebu mainland. Read on...

Wednesday, September 26, 2012

URBAN PLANNING | Moving the urban center


Cebu City reaffirmed it is Southern Philippines' premier city after the end of the Marcos regime and some five decades after the end of world war 2. 

Lito Osmeña, first Cebu Grovernor after Marcos left, made tremendous impact on the city, although, he never served as chief executive, just like his grandfather, Pres. Sergio Osmena. His conversion of non-productive provincial lots, into real estate ventures during his lone term as governor from 1988-1991, paved the way for Cebu City's radical transformation.

To fund infrastructure projects in the province, the provincial government which owned a five-hectare property in Banilad, entered into a joint venture with Ayala Land, Inc. and formed the Cebu Property Ventures and Development Corporation (CPVDC), the first of its kind in the country. With land as its equity contribution, the province owned 74.8 percent of CPVDC, the first purely corporate venture by a Local Government Unit in the country. Read more>>
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