INFINITE CITY.

The Mandaue City Government has given a Chinese conglomerate the go-signal to redevelop the property where the dilapidated Cebu International Convention Center sits idly. The “new property” will be called Infinite City.

The development of Mandaue City into an international tourism attraction in Metro Cebu moved forward with the approval of Infinite City as an ordinance by the City Council yesterday.

Mandaue City Mayor Luigi Quisumbing and Justin Xiao, chief executive officer of the Millennium Pan Asia Hotel and Resort, Inc., earlier signed the concession agreement paving the way for the project construction.

This was ratified by the Mandaue City Council during its session on July 4, 2018.

The consortium earlier presented an unsolicited proposal to build a tourism resort development project designed to attract 360,000 tourists annually to Mandaue City.

According to Xiao, “the resort will be known as Infinite City because of the infinite possibilities it will bring, not only in terms of entertainment and leisure but also for local tourism.

It will have two hotels, serviced apartments, a casino, an indoor theme park, cinemas, a pool garden, shopping centers, offices and a convention center.

The concession agreement covered by City Ordinance 142017-1159, also known as “An Act Enacting the Mandaue City Public-Private Partnership for the People (P4) approach towards development,” grants Millennium the right to use, develop, and operate a tourism infrastructure project.

The concession period of 50 years is renewable for another 25 years unless mutually agreed upon between the two parties.

“Mandaue City wants us to commence operations after 38 months. Millennium commits to complete the project facilities and ready for operation 50 months after construction has begun,” the company’s statement read.