After months of waiting, the much-anticipated Golden Mile Project of Mayor Constantino G. Jaraula has finally commenced.
Contrary to what I’ve posted a few weeks back, the ongoing pile driving behind the City Tourism Hall is for the river boulevard project and not the proposed Legislative Building. However, based on recent news, the legislative building would follow soon together with the proposed redevelopment of the Community Amphitheater.
The Golden Mile is a flagship project of Mayor Jaraula and designed to attract more investors and tourists. The initial phase consists of a 600-meter long “walkway” from City Hall to the 5th (Kagay-an) Bridge, and a one kilometer “Boulevard” from Toribio Chaves Street to J.R. Borja Street. The project also aims to promote Cagayan de Oro River.
The Golden Mile is envisioned to be a mixed use development and part of the city’s central business district. As an added bonus, the construction of a 30-storey condotel by Korean proponents at the back of the amphitheater is also expected to follow soon. Accordingly, the city government has purchased the lot owned by the Chaves Family where the condotel will be constructed. Per radio interviews, the Chaves Family also donated for the amphitheater project.