MANILA, Philippines – Quezon City councilors are proposing the development of the 30-hectare North Triangle property into a central business district.
Councilors Precious Hipolito Castelo, Jesus Suntay, Eufemio Lagumbay and Jessica Daza filed the proposed ordinance and said the planned development of the property owned by the National Housing Authority (NHA) into a business hub is in accordance with the present zoning ordinance of the city.
The development of the property in the vicinity of Edsa-North Avenue-Agham Road is a joint venture between the NHA and Ayala Land Inc.
“Both the land use plan for the development of the said 30-hectare property and the conversion of the same into a business district center may be incorporated into the Comprehensive Land Use Plan and Investment Development Plan of this city,” the proposed ordinance stated.
According to the councilors, the proposed measure was to encourage the private sector to engage in enterprises of high commercial value in the area.
The proposed ordinance also provides that establishments within the central business district should prioritize the hiring of residents of Quezon City.
Under the proposed ordinance, the NHA shall make available affordable, decent relocation and permanent settlements and complete basic services to families affected by the development project.