As the Camp John Hay dispute intensifies, a resolution remains elusive. Will affected property owners seek redress from CJHDevCo? Or will they continue appealing to BCDA for an alternative solution?
This is AI generated summarization, which may have errors. For context, always refer to the full article.
BCDA, however, refutes these claims, maintaining that CJHDevCo had no legal authority to sell these properties as real estate and that any transactions under its lease agreement were invalid once the lease was rescinded. The agency states that it is merely enforcing the 1996 – BCDA signed a lease agreement with CJHDevCo, granting the private developer a 25-year lease over a 247-hectare portion of Camp John Hay. CJHDevCo was expected to develop the area into a world-class tourism and residential destination.
2015 – The arbitration panel ruled that both CJHDevCo and BCDA had violated their lease agreement, leading to the rescission of the contract. The ruling mandated that CJHDevCo vacate Camp John Hay while BCDA was ordered to return P1.4 billion in lease payments. In its statement on Tuesday, February 4, CJHDevCo reiterates that investors and property owners should not be forcibly removed from their homes and businesses. The company contends that:
• The Supreme Court’s decision acknowledged that BCDA was in breach of its obligations, as reflected in the P1.4 billion refund order, suggesting that BCDA should bear some responsibility for the situation.
BCDA Cordillera Administrative Region Philippine News Business Luzon
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Camp John Hay showdown: CJHDevCo fights back as BCDA takes overAmid growing uncertainty, more than 60 unit owners of The Manor, The Forest Lodge, Forest Estates, Country Homes, Golf Estates, and Forest Cabins have made a direct appeal to President Ferdinand Marcos Jr.
Read more »
BCDA Retakes Control of Camp John Hay After Supreme Court RulingThe Bases Conversion and Development Authority (BCDA) has officially taken over control of Camp John Hay in Baguio City, following a Supreme Court decision ordering the Camp John Hay Development Corp. (CJH DevCo.) to vacate the area. This victory allows for exciting investments and projects that will drive socioeconomic opportunities and protect the interests of all.
Read more »
BCDA regains control of Camp John HayThe Monday turnover includes key facilities such as The Manor, The Forest Lodge, Camp John Hay Golf Club, CAP Convention Center, Commander’s Cottage, and open spaces
Read more »
Camp John Hay transfer to BCDA to boost investmentsThe return of control over Camp John Hay to Bases Conversion and Development Authority (BCDA) will unlock more investments, according to the state-run
Read more »
BCDA Regains Control of Camp John Hay, Plans RedevelopmentThe Bases Conversion and Development Authority (BCDA) has formally regained control of Camp John Hay in Baguio City after a court decision dismissed a challenge by a previous developer. The BCDA plans to redevelop the area into a world-class destination while ensuring environmental and cultural preservation.
Read more »
Landco Pacific to Interim Manage Camp John Hay PropertiesLandco Pacific Corporation, part of the MVP Group, has taken over the management of The Manor, The Forest Lodge, and the CAP-John Hay Trade and Cultural Center. This move follows the Supreme Court's decision on Camp John Hay's recovery and aims to ensure smooth business operations during the transition to a new long-term partner.
Read more »