The Camp John Hay Development Corporation (CJHDevCo) has strongly refuted recent criticisms, asserting its transparency and commitment to the Camp John Hay development project.
CJHDevCo highlighted the extensive involvement of the Bases Conversion and Development Authority (BCDA) in the project's oversight, including BCDA's participation in CJHDevCo's board and decision-making processes.
BCDA also appointed comptrollers to monitor sales revenues, confirming their direct role in overseeing financial collections related to the project.
CJHDevCo stated that BCDA was a primary beneficiary of all revenues generated during the period of their involvement.
Despite numerous breaches by BCDA, CJHDevCo maintained its dedication to fulfilling its development obligations.
Under Chairman Robert John L. Sobrepeña, CJHDevCo successfully transformed Camp John Hay into a leading tourist and real estate destination.
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