THE Bases Conversion and Development Authority (BCDA) said it signed lease agreements with sub-lessees of CJH Development Corp. (CJHDevCo) for Forest Estates, Country Homes, Golf Estates, and Forest Cabins in Camp John Hay.
“Following the Supreme Court’s final ruling allowing BCDA to recover the Camp John Hay property, the BCDA has signed over 40 new residential agreements with sub-lessees of CJHDevCo,” the state-owned agency said.
“BCDA has also been in talks with other stakeholders to come up with fresh term sheets for their residential leases in Camp John Hay,” it added.
BCDA President and Chief Executive Officer Joshua M. Bingcang said that he expects to finalize and sign agreements with the other residential leaseholders in the coming days.
“We want to assure all stakeholders that BCDA is here to help facilitate this transition of management in Camp John Hay. As we move forward, our focus now for Camp John Hay is to create a future that benefits everyone,” he said.
“With the support of our private partners and the Baguio City government, we are working to improve facilities and services, protect the natural environment of the area, create employment opportunities, and ultimately, empower the community,” he added.
The BCDA took over Camp John Hay after the Supreme Court issued a final resolution allowing the recovery of the 247-hectare property from CJHDevCo.
The order covered all land and improvements in the property, whether they are held by CJHDevCo and its subsidiaries or affiliates or occupied by other parties claiming rights under them.
“The BCDA is set to conduct a review of Camp John Hay’s over 25-year comprehensive master plan to align it with the United Nations’ Sustainable Development Goals,” it said.
Under the master plan, the BCDA aims to replicate the successes of Bonifacio Global City in Taguig and New Clark City in Tarlac in implementing infrastructure projects and attracting high-impact investments. — Justine Irish D. Tabile