Bigfoot pays $500T as Advance Lease - South Road Properties

Sun.Star
Wednesday, February 28, 2007


THE Cebu City Hall yesterday received a five-year advance payment from Bigfoot Global Solutions, Inc. for its 25-year lease contract on the two-hectare portion of the South Road Properties (SRP).

“We received already a check for over half a million dollars as five years advance payment for the lease. But we have come more or less to agreeing to the sale of at least 16 hectares at P12,000 per square meter and I consider that already discounted,” Cebu City Mayor Tomas Osmeña said.

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Cebu City Signs Up Movie Production Facility - South Road Properties

By Irene Sino Cruz
Visayas Bureau
Last updated 07:09pm (Mla time) 02/25/2007

CEBU CITY -- After a long wait, the Cebu City government finally signed up the first locator in the South Road Properties (SRP), the 300-hectare reclaimed area the city owns.

Bigfoot Entertainment (BFE) signed last week a 25-year lease agreement for a two-hectare area at the SRP, where the company plans to build a multi-million-dollar movie production facility.

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Bigfoot is set to Formalize South Road Properties Lease Plan with City

By Ehda M. Dagooc
The Freeman 02/17/2007

Bigfoot Global Solutions and the Cebu City government are set to sign a Memorandum of Agreement (MOA) this coming Monday to formalize Bigfoot's plan to lease a two-hectare property at the South Road Properties (SRP).

SRP marketing arm, Cebu Investment and Promotions Bureau (CIPC) announce that Bigfoot will kick off its expansion plan of its International Academy of Film and Television inside the 300-hectare SRP.

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Cebu City Not Keen on Using Decorative Lampposts at South Road Properties

The Freeman 02/08/2007

The Cebu City government is not keen on accepting the proposal of the company that installed decorative lampposts for the ASEAN Summit to install the same lamps at the South Road Properties even if the company lowers the price.

In his regular press conference yesterday, Mayor Tomas Osmeña said what the SRP needs are streetlights and not decorations.

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