CICC board to entertain proposals

IMG_5830The Cebu International Convention Center (CICC) Board may proceed to entertain unsolicited proposals of third parties if only to fix the damaged facility.

Governor Hilario P. Davide III revealed this after their meeting at the Capitol on Friday, February 14.

The provincial government needs multimillion pesos to repair the facility, which was damaged by a 7.2 magnitude earthquake last October.

But this does not preclude them to inquire with the national government if the latter is interested to fix the facility.

It has been learned that the CICC is considered as one of the venues of Asia-Pacific Economic Conference when the country plays host of the event next year.

“We agreed there nga among hangyoon ang national government if they are still interested in using the CICC for the APEC,” he said.

Mandaue City’s interest to buy the CICC is also entertained by the board as a third option.

The board’s technical working group (TWG) was entrusted to take up the three options in a separate meeting scheduled on February 27.

In the meeting, Governor Davide said if the CICC board will entertain third parties, then they might as well start with the unsolicited proposal of Headway-Seacrest Group Inc. (HSGI).

Late last month, HSGI sent its proposal to transform the building into a school in a usufruct agreement.

In an interview, HSGI Chief Executive Officer Andrew Aznar said the proceeds of the school would be shared with the owners of the facility. Aznar stated that if the board will grant their proposal, then they would find ways and means to fix the facility.

Governor Davide instructed CICC board’s TWG to look further into the offer of HSGI and ask the company to make a presentation of their proposal to the board.

For the third option, the governor ordered an appraisal of CICC’s value. Mandaue City Consultant Carlo Fortuna said the city government is interested to buy the property “if the price is right.”

He said they will use it as a year round venue to exhibit the export products of their manufacturing industries while retaining its identity as a convention center.

However, if the province decides to sell off the property, the governor will still need the authority of the provincial board.

CICC is constructed through a joint venture agreement with the province of Cebu and Mandaue City. The province paid for the construction of the facility while Mandaue retains ownership of the land where it was built. Xerxes Alkuino