Bidding for Capitol prime property failed anew, negotiations underway

Bidding for Capitol prime property

failed anew, negotiations underway

By: Dolly Yasa

BACOLOD City – The bidding participated in by SM and Ayala for the prime property owned by the Negros Occidental provincial government failed anew.


Because of technicalities, according to Governor Alfredo Marañon Jr. As alternative, he said both parties have agreed for a “negotiation” for the 7-hectare (not six as earlier reported) prime property located at the back of the capitol building.

Under the Commission on Audit (COA) rules on bidding, there should be at least three companies participating in the bid for it to be considered valid.

Marañon, however, stressed that there are other technical reasons why the July 7 bidding failed. He did not elaborate.

Hans Sy, president of SM Prime Holdings, recently personally submitted their unsolicited intent to purchase the Capitol property, offering a P2.5-billion investment package that features a convention center, two hotels and shopping centers.


Ayala Land has a grander plan, proposing a P6-billion investment deal on the same property, Marañon said.

“If it wins in the bidding, Ayala is planning to also build a convention center, hotel, BPO (business process outsourcing) centers, and a shopping mall,” he said.

Ayala Land Negros branch head Therese Borromeo and SM City Bacolod mall manager George Jardiolin visited Marañon at the Provincial Capitol yesterday but they refused media interviews.

Marañon assures that either through bidding or negotiation, the result would be to the best interest of the provincial government and the people of Negros Occidental.

“This will be the biggest investment so far. It will definitely change the landscape, it must conform with the culture and aesthetic beauty of the Negrosanons,” he said.

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