BCDA attracts P1B investments in Camp John Hay
Investments in Camp John Hay, a historic mountain destination near Baguio City, have surpassed P1 billion just two months after the Bases Conversion and Development Authority (BCDA) regained control.
The BCDA has signed 75 lease agreements, including deals with major industry players such as Landco Pacific Corp., Stern Real Estate Development Corp., Amare La Cucina, Golfplus Management Inc., DuckWorld Philippines, and Top Taste Trading Inc.
Legal disputes between BCDA and CJHDevCo over unpaid lease obligations were resolved by the Supreme Court in October 2024, allowing BCDA to take full control of Camp John Hay by January 2025.
The influx of investments is expected to generate significant job opportunities and contribute significantly to state revenue while preserving the natural landscape.
BCDA President Joshua M. Bingcang noted that more contracts are expected to close in the coming weeks, signaling strong investor confidence in BCDA's vision for Camp John Hay as a premier ecotourism hub.
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