Mayor Geraldine Rosal averred that the surge of local tourism is gaining more grounds to propel the city's budding economy, now with the private sector will be involved the development of one of these icons in the city's tourists attraction.
Rosal elaborated that private firm JEDI Property Management, Inc. apparently won the bidding to operate view deck portion on top of Lignon Hill after the Provincial Government of Albay has already authorized the City Government of Legazpi to lease the area and ensuring a reasonable return of investments or stable income pursuant to a Memorandum of Agreement dated October 16, 2006.
In the agreement, JEDI will pay the city government P40,000 monthly for the first year of operations, P42,000 for the second and third year, and P44,000 for the fourth until the sixth year.
JEDI, further, will hire their own workers for the maintenance ad cleanliness of all walkways of the said place.
Rosal, meanwhile, said that the privatization of a portion of Ligñon Hill is more advantageous to the city government as it will no longer spend for the maintenance and improvement of the place, adding that the rentals will also be used for other local tourism projects in the area. (LGU Legazpi)
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