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Green to Grey
Posted By man_nakjo On March 29, 2006 @ 6:16 pm In Living in Manila | Comments Disabled
Quezon City is about to become more of a concrete jungle if the city government has its way with the seven hectare plot of land that houses the Manila Seedling Bank.
City Hall wants 59M pesos in back taxes from the seedling bank despite a Marcos-era presidential decree that exempts it from taxation. The city treasurer claims that the decades old decree has been nullified by newer laws.
If they don’t pay by December, the city will take over the land and sell it to the highest bidder. [1]
SM’s Henry Sy is supposedly interested in turning it into a commercial area, a move which will infuse the area with green, but not the kind that cleans the air.
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URL to article: http://manila.metblogs.com/2006/03/29/green-to-grey/
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[1] highest bidder. : http://news.inq7.net/metro/index.php?index=1&story_id=70923
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