City to allot P300-M for old market rehab
April 11, 2011
CITY OF SAN FERNANDO — Local officials here are willing to spend more than P300 million to rehabilitate the San Fernando old public market “in the name of competition.”
Councilor Alex Patio, also chairman of the City Council’s committee on appropriations, said such a huge budget will be used to transform the public market into a three-storey building with parking space on the top floor.
“We’ll rebuild it like a mall,” Patio said in a chance interview. The proposed budget for the market’s reconstruction was based on an estimate made by engineers in 2005. Patio said the reconstruction expenses could be bigger now.
The idea of rebuilding the old public market came after the controversial construction of another SM City mall at the city proper.
Some oppositors said the new mall may ruin the image of the city’s heritage district while others said it will greatly affect the livelihood of vendors at the old public market.
However, city officials were not able to stop the construction since mall administrators have complied with all of the business requirements of the city.
The new mall will be the second chain of the giant mall in the city. Their first mall, SM City Pampanga, started operations in 2001.
Cushion the impact
Patio said the rebuilding of the old public market is the City Government’s primary measure in cushioning the impact of possible loss of revenues to local market vendors once the new mall starts to operate.
“If we will rebuild the public market, the vendors there will be able to compete against the mall since their place would be similar to the mall already,” Patio said.
The councilor said marketgoers would rather go to the mall where they can conveniently shop rather than go to a wet and dry market.
“This way, we’ll be able to give our consumers a choice. They can either go to the mall or to the public market which looks like a mall,” Patio said.
Budget
However, Patio admitted the City Government cannot shoulder all of the more than P300-million budget for the market’s reconstruction.
“If we use all the money the city government has to rebuild the market, then other basic social services will be sacrificed,” Patio said.
Patio said the city government will probably get a loan with low interests from state-run banks.
As long as the amount can be justified, Patio assured that the City Government would get the budget for the reconstruction.
Source: http://www.sunstar.com.ph/pampanga/local-news/2011/04/10/city-allot-p300-m-old-market-rehab-149678
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