Mimosa attracts 11 prospective bidders

Bidding for the Mimosa Leisure Estate in Clark is slowly starting to heat up with an initial 10 or 11 parties expressing interest to bid for the said property.

This was disclosed by Trade and Industry Secretary Peter B. Favila following a briefing by the Bases Conversion Development Authority (BCDA).

Favila, however, did not divulge the names of the prospective bidders.

The BCDA is set to bid out before the end of this year the 215-hectare golf and leisure resort located within the Clark special economic zone.

The BCDA has already sent out notices of the planned bidding and is now selling Terms of Reference to interested bidders.

Mimosa was previously owned by former Tourism Secretary Jose Antonio Gonzales who also owned Mondragon Industries.

Gonzales lost control of Mimosa to the BCDA in December 1999 following Gonzales firm, Mimosa Leisure Resorts Corp.’s failure to pay its rent to the BCDA.

Gonzales has been trying to regain control of Mimosa but the Courts have repeatedly upheld the right of BCDA over the said property.