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Thursday, December 4, 2014

Tug of War


The arbitration committee is finally coming out with its decision on the long-festering quarrel between Camp John Hay Development Corp. (CJHDevCo), developer of the former American recreation camp, and the Bases Conversion and Development Authority (BCDA). The latter under Arnel Casanova is trying to forcibly take over CJHDevCo hotels and other developments allegedly because the developer is behind in its lease payments. CJHDevCo, on the other hand, claims that the BCDA has been withholding permits so it cannot develop the full 18 hectares leased by it. So CJHDevCo filed for arbitration.