SunStar
+ April 04, 2021 I HAVE been writing a series of articles since last week about the redevelopment of the historical century-old Carbon Market. I have presented the side of the administration of Cebu City Mayor Edgardo Labella, who inked the joint venture agreement (JVA) with the developer, Megawide Construction Corp., for a P5.5 billion development, which will last 50 years and could be extended for another 25 years. I also presented the side of the opposition, Bando Osmeña Pundok Kauswagan (BOPK) who opposed the redevelopment, citing defects of the JVA, claiming it’s “disadvantageous to the interest of the city.”
Vice Mayor Michael Rama, an administration ally, also raised some concerns, especially on the cultural and historical impacts of the project. But I asked why these concerns were raised only now when the JVA was already signed and all these concerns have been stipulated in the contract. In the spirit of fair play and fairness, I am printing h