The $1.5-Billion Project that Got Nayong Pilipino Board Members Sacked
But Nayong Pilipino officials insist the project is above-ground and untainted by corruption
On Tuesday, August 7, President Rodrigo Duterte fired all the board members of Nayong Pilipino Foundation for what he said was a “grossly disadvantageous” leasing deal with a private company.
"The President expressed his exasperation that corruption happens even in his administration,” Presidential Spokesperson Harry Roque said in a press conference.
The announcement was made just as former Nayong Pilipino Chairperson Patricia Ocampo was leading the groundbreaking ceremony of “NayonLanding,” the foundation’s public-private project (PPP) with Hong Kong Stock Exchange-listed firm Landing International Development Limited in Parañaque City.
Ocampo strongly denied the accusation made against her and the Nayong Pilipino board as she stood behind the foundation’s deal with Landing.
Landing also said it would push through with the NayonLanding project as it believes it is a “valid leaseholder.”
While the project’s fate remain uncertain, the vision for it remains to be clear. The $1.5-billion project expected to be completed in 2022 sits in a 9.5-hectare property Landing has leased from Nayong Pilipino. The integrated casino and leisure resort will be located in Aseana Entertainment City and will also feature indoor theme parks that will highlight Filipino culture.
Here are some of the artist renditions of the project that were shared to the press:
NayonLanding will be located in a 9.5-hectare property in Aseana Entertainment City in Parañaque City, which is set to attract around two to three million visitors a year.
Landing said the integrated resort will be “family friendly” as a third of the facilities will be solely for leisure and entertainment
Like the original Nayong Pilipino, the resort will have a Filipino cultural theme park that will feature replicas of iconic tourist spots of the country.
NayonLanding will also house the country’s first Filipino-themed indoor water park
According to Landing, the water park will be “immersive” for guests, as it will also feature a wave pool and river "replicas."
The resort will have an indoor movie theme park, which Landing claims will be the largest one in Asia.
NayonLanding considers the Filipino cultural theme park as its flagship attraction in the entire resort.
Aside from casino gamers, Landing expects majority of its profits to come from domestic visitors, driven by families.
Landing expects the resort to hire 10,000 employees once fully operational.
Elyssa Christine Lopez is a staff writer of Entrepreneur PH. Follow her on Twitter @elyssalopz
This story originally appeared on Entrepreneur.com.ph.
* Minor edits have been made by the Realliving.com.ph editors.
More on Realliving.com.ph