THE Bases Conversion and Development Authority (BCDA) has signed three lease agreements involving at least P85 million in investments for leisure, recreation, and tourism projects in Clark, Pampanga, and Camp John Hay in Baguio City.
The agreements consist of a resort in Clark, a Sizzling Plate restaurant and an educational family adventure park in Camp John Hay.
BCDA president and CEO Joshua Bingcang noted the projects would expand tourism offerings, create jobs, and put the agency’s properties to productive use.
“Through these lease agreements, we are opening more opportunities for private sector partners to invest in BCDA properties and develop facilities that respond to the needs of visitors, businesses, and surrounding communities,” Bingcang said.
The Clark project is a 15-year lease for a leisure and recreation development by Grace Farm Nature Resort Corp. It committed to investing at least P50 million in the project’s construction and improvement during the initial lease period.
“More than building a successful resort, we hope to create a place where people can relax, enjoy nature, and make lasting memories,” Grace Farm director Daniel Chung said.
Grace Farm would develop and manage the resort in line with BCDA’s vision and standards, Chung added.
The second agreement, with Anrey Inc., covers a 500-square-meter site for a Sizzling Plate restaurant branch in Camp John Hay. The Baguio-based restaurant brand has been operating for 47 years.
Anrey committed to investing at least P15 million to develop the property within one year of signing the contract.
The third agreement, with Zoo and Theme Park Services Inc., is an educational family adventure park in Camp John Hay.
Business development head Ren Christopher A. Siccion said the company will invest at least P20 million to develop the property within 10 years of signing the contract.
BCDA said the park would follow green development principles, including measures to reduce greenhouse gas emissions, water and power consumption, and waste.
