[ Malaya.com.ph ] September 1, 2010
Realty firm Ortigas & Co. of the Ortigas family is eyeing to develop the military and police’s 220-hectare Camp Aquinaldo and Camp Crame headquarters.
Rex Drilon, Ortigas chief operating officer, yesterday said it plans to revive "in the next few months" its proposal to modernize the military by relocating Camp Aguinaldo and Camp Crame and redevelop the property for commercial use.
Drilon said they had submitted a similar conceptual plan with the Arroyo administration through former defense secretary Avelino Cruz but this was shelved after Cruz left the government.
Under the new administration, Drilon said they plan to come up with another proposal which will include cash for modern military hardware as well as housing for enlisted personnel.
Drilon noted the Aquino administration’s pronouncements earlier on the need to modernize the military. Drilon said they intend to seek partners for their proposal, adding they are hoping to be able to exercise their reversal rights to some 34 hectares the firm donated to the government in 1968.
Drilon said the company will focus on the redevelopment of this area while other developers may take charge of the government portion of the land as well as by providing the military with a replacement site for the two camps.
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