One of the biggest mall operators in Southeast Asia, SM Supermalls had decided to withdraw its planned terminal project supposed to be located at the eastern end of Pere Boulevard to address its larger multi-million peso, SM Center Dagupan, the company declared on Friday.
The company requested for an 18-month exemption from City Ordinance No. 951-77 during a public hearing by the Sangguniang Panlungsod (SP). The company stated that it is still perusing the SM Center Dagupan project at M.H. Del Pilar Street otherwise known as old Pantranco terminal.
An official of SM Supermalls came to Ryan Ravanzo, the city secretary to inform him verbally about company withdrawal on the planned terminal project.
Nevertheless, the chain of shopping malls in the Philippines that has 58 malls located across the country and 6 in China will continue with SM Center Dagupan, which might soon become the biggest investment to come to the city in past years.
Ordinance No. 951-77, said City Legal Office Victoria Cabrera, limits any construction of a terminal in Dagupan whose ingress and egress are within 100 meters far from the city intersection.
Solid North, another bus company is said to be violating the above ordinance as the ingress and egress of terminals are near the Victory and Five Star terminals, which is less than 30 meters away from a street intersection.
Even Dagupan officials are not in favour of terminal planned project by SM but are happy with the construction and establishment of SM Center Dagupan.
The ordinance is still in effect as it has not been amended till now.