LEGAZPI CITY, 25Sept2013 – City officials, the business sector and church representatives led the groundbreaking Tuesday for the construction of the P600-million four-storey Liberty Commercial Center Mall at the burnt old public market here.
Councilor Rolly Rosal said the Legazpi City government and the management of LCC Mall agreed to implement the project in the two-hectare commercial area at the heart of the city.
Rosdal said construction will start as soon as possible and will last for 20 months.
Edgar Alejo of the LCC Mall information office said the P600-million mall project is part of their company’s expansion in the six provinces of the Bicol region.
With the project, LCC, the oldest commercial center in the city, will create thousands of jobs not only in Albay but also in the entire Bicol, Alejo said.
“It is part of the multibillion-peso investments that entered the city this year alone,” Rosal said.
Rosal disclosed that LCC Mall will pay more than P5.7 million in the form of taxes yearly in 10 years once it starts operation.
After 10 years, he said there will be an increase in tax payment. (PNA)