LEGAZPI CITY, July 25 (PNA) -– Another mall costing P1 billion will soon rise in the 1.5-hectare area formerly occupied by the burned old public market in the city’s central business district.
The new business building will be put up by the LCC chain of malls owned and managed by the Tan family headed by Antonio Tan as president.
“This new investment will greatly help us generate more jobs for the Bicolanos and additional income for the local government’s coffer,” Mayor Noel Rosal said.
The LCC chain of malls in Bicol is owned by Filipino-Chinese Tan family who originated from Tabaco City and pioneered in the establishment of malls in the region’s key cities of Tabaco, Legazpi and Naga.
Aside from these cities, LCC has express marts in various municipalities in the region to cater to the needs of the people in the rural area who do not have to go to these cities to buy cheap but quality goods.
Aside from this P1-billion mall to be put up by the LCC here, the SM and the Robinson groups of companies are also eyeing to put up their own investments in this city before the opening of the Southern Luzon International Airport in Barangay Anobo, Daraga, Albay, in 2015.
The Asian Institute of Management (AIM) has described Legazpi as a fast-rising city in terms of infrastructure development, business growth and notable peace and order condition as a result of good governance.
Currently business and hotel constructions are booming in this city to cater to the growing number of visiting tourists as well as year-round convention activities.
Legazpi is the center of education, trade and commerce in the Bicol region and is fast tracking the implementation of numerous infrastructure projects under the Aquino administration, which include the P500-million Legazpi City Urban Drainage Project that involves the 24/7 construction of pumping stations at Tibu and Baybay rivers to resolve the city’s perennial flooding problem during the rainy season.
“Legazpi is ranked fifth as fast-rising city in the Philippines in terms of infrastructure, business development and peace and order situation based on an AIM study, that’s why we want to build proper infrastructures in Legazpi, like the all-weather flood system funded by the administration of President Benigno Aquino,” Rosal said. (PNA) LAP/FGS/RBB/CBD/