ORMOC CITY Mayor Richard I. Gomez is elated after successfully negotiating with the operators of Gaisano Metro Ormoc for the return of the city’s 3,000-square meter property situated in the middle of the city, untying it from possible years of litigation.
Mayor Gomez wants to turn the property into a mixed commercial/parking space building to meet the parking needs of residents and visitors.
The parties reached the agreement on the afternoon of Monday, April 19, through a Zoom conference. Taipan Development Corporation, the operator of Gaisano Metro Ormoc, agreed to release possession of the property in exchange for the city’s releasing them their insurance proceeds from their Yolanda claim.