The Bases Conversion and Development Authority (BCDA) has secured at least P85 million in private investment commitments for three leisure and dining projects in Clark and Camp John Hay, putting more government properties to commercial use.
The projects are expected to broaden tourism and leisure offerings while generating business for local suppliers and employment opportunities in Pampanga and Baguio. The committed investments will be deployed over periods ranging from one to 15 years.
Grace Farm Nature Resort Corp. accounts for the largest commitment at at least P50 million for a leisure and recreational development in Clark under a 15-year lease. The investment will cover construction, improvements and enhancement of the project during the initial lease period.
In Camp John Hay, Anrey Inc. will invest at least P15 million within one year of signing a lease to develop a 500-square-meter property for Sizzling Plate, a restaurant brand with 47 years of presence in Baguio’s dining market.
Zoo and Theme Park Services Inc. has committed at least P20 million over 10 years for an integrated educational family adventure park in Camp John Hay.
Its approved development plan includes a nature adventure park and facilities designed to reduce emissions, resource consumption and waste, adding an environmental component to the leisure project.
“These projects will generate economic activity, create jobs, expand leisure and tourism offerings, and put our properties to productive use,” BCDA President and Chief Executive Officer Joshua Bingcang said.
The agreements add to BCDA’s efforts to monetize government-owned properties through private-sector development while retaining public ownership of the assets.
Still, the immediate economic impact remains difficult to quantify. BCDA did not disclose the lease rates, projected rental income, construction timelines, opening dates or employment targets for the three projects.
The P85 million represents investment commitments rather than realized spending, with the largest project spread across a 15-year lease period. The pace at which the investments translate into operating businesses, jobs and tourism activity will therefore depend on project execution and the developers’ rollout schedules.
For BCDA, the agreements provide another avenue to turn underutilized or undeveloped government properties into commercial assets, while giving private operators room to expand leisure, dining and tourism activities in two established growth destinations.
