The Bases Conversion and Development Authority (BCDA) has begun its takeover of Camp John Hay following the Supreme Court (SC) finalizing the decision evicting Camp John Hay Development Corporation (CJHDevCo) from the camp premises.
BCDA president and chief executive officer Joshua Bingcang said Le Monet Hotel was the first Camp John Hay locator to sign a contract with BCDA, with other establishments in the camp expected to follow suit soon.
Bingcang said that the so-called third parties who have business and residential properties in Camp John Hay must come forward and enter into new agreements with the BCDA to continue their stay in the camp.
Even locators and John Hay dwellers whose contracts have lapsed are welcome to sign new deals with the government, he said.
The BCDA has previously since worked to entice more developers and diversify, citing a need to avoid having a single developer in charge of majority of the camp again to avoid a repeat of the DevCo situation.
A big-name developer that has since expressed its interest in investing into the camp is tycoon Manny Pangilinan’s group, the MVP group.
MVP Group on Thursday, Dec. 19, declared its official intent to begin investing in Camp John Hay.
