Manila stands to earn about P10 billion in real estate taxes and create 200,000 jobs from the P12-billion reclamation in Manila Bay. At Wednesday’s Balitaan sa Aloha Hotel, Edmund Lim, vice chairman of Manila Gold Coast Development Corp., said business will boom in the capital with the planned “Solar City”. Manila Gold Coast is developing 148 hectares along with the Philippine Reclamation Authority and the city government. “Gold Coast pays for everything, the city government of Manila does not pay a single centavo on the development,” Lim said. The site is designed for mixed locators with residential, business and commercial sections. “There will be an environment-friendly development such as water recycling system, turbine and solar power generation,” said Lim.

Ramos-Araneta, M. (2013, February 14). Reclamation eyes Manila boom. Manila Standard, p. A6.