PB okays deed of sale for CICC

By: Jessa Sotto, USJ-R Intern - 6 years ago

The Provincial Board (PB) approved a resolution in its Monday session authorizing Cebu Gov. Hilario Davide III to sign the deed of sale for the 3.2-hectare Cebu International Convention Center (CICC) property in the North Reclamation Area (NRA) of Mandaue City to the Mandaue City government.

In July last year, the PB approved a resolution authorizing the governor to sell the property.

The deal was closed for P300 million.

The Mandaue City government had initially paid P200 million last January. / Zena Magto, USJ-R Intern