The manager of SM City-Bacolod announced that ShoeMart is investing P2.5 billion for the construction of a three-storey building and the expansion of their mall in the city, at the opening of the exhibit of the Bacolod City government at the West Bridge of SM City yesterday.
The exhibit titled “Progreso sang Bacolod”, depicting the progress brought to Bacolod City by the administration of Mayor Evelio Leonardia, will run until March 8.
George Jardiolin, SM mall manager, yesterday said the expansion will accommodate an additional 150 tenants or more,and will surely spur the economic growth of the city.
He said the new expansion will start after the completion of its department store in 2013.
Jardiolin said the expansion is an affirmation of their confidence in Bacolod Cityby the SM group of companies headed by Hanz Sy.
“We will have more partnerships to come since SM is really supportive of the city, and this exhibit is a testament of that partnership,” he said.
The exhibit showcases the achievements and accolades of the city as one of the premier and bustling cities in the country, particularly the construction boom that it has been enjoying.
Leonardia said the growth of the city is also due to the great contribution of the business sector which he truly appreciates.
“We have grown because we have joined hands in attaining what we are now. We are bound to sustain this momentum as the people have realized how far we have gone, and this is also a morale-booster for everyone,” he said.
Leonardia said SM is investing more in Bacolod since it saw the potential of its business to really grow and expand in the city.
STAMP OR APPROVAL
“For me, the presence and expansion of SM, with due respect to others who have also contributed to the growth and development of the city, is a stamp of approval and is like telling the rest of the business world in the Philippines that Bacolod is the place, indeed, where your money will grow,” Leonardia said.
Leonardia said SM must have seen a gold mine here and that is why it keeps on investing in Bacolod. It also has investments abroad and could have placed their money elsewhere, but it has chosen to put a very big investment in Bacolod, he said.
“The sweetest music to my ears is when people like balikbayans d say that Bacolod has really changed,” Leonardia said. The phenomenal progress of Bacolod has been validated by well known organizations in the country and abroad, he said.
Also present at the opening of the exhibit were Vice Mayor Jude Thaddeus Sayson, Councilors Em Ang and El Cid Familiaran and businessmen Fred Barcelona, Andres Valencia, Frank Carbon of the Metro Bacolod Chamber of Commerce and Industry, and the city department heads.*CGS