Friday, November 20, 2009 | MANILA, PHILIPPINES [ BusinessWorld Online ]
DAVAO CITY -- A quick adjustment enabled 8890 Housing Development Corp., a Cebu-based property developer, to secure a permit from the Davao city council after its original plan to expand a subdivision at this city’s Mintal district was rejected for violating the zoning ordinance.
After discussions with city legislators, 8890 Housing agreed to construct only a wakeboard park instead of expanding its Deca Homes Resort Residences within a 150-hectare area classified by the city’s zoning ordinance as a light industrial zone.
The developer has in fact started laying the groundwork for the subdivision and wakeboarding facility after getting the go-signal from the City Engineer’s Office, but had to stop when told the area needed to be reclassified. On Tuesday’s regular session, city council members voted to reclassify the area into parks and recreation. That means the developer will have to abandon its plan for housing units next to the wakeboarding park.
Jesus B. Atencio, 8890 Housing president, said the initial investment for the park is about P30 million. It is projected to be the biggest wakeboarding park in the country. The developer had entered into a lease contract with Xtremewake, Inc. to build the park. A man-made lake will feature a cable ski system and cranes that will pull wakeboarders at varying speeds. -- Joel B. Escovilla
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