Based on the Northern Mindanao Disaster Risk Reduction/Climate Change Adaptation-Enhanced Regional Physical Framework Plan, 2013-2040 which was approved by the Regional Development Council in 2013, Laguindingan is planned to become an Airport City (Aerotropolis) by year 2025.
Below is a paragraph in page 215 of the said document, it clearly stated that:
The development of an aerotropolis is seen to improve the global competitiveness of the region. The Laguindingan Airport is proposed to be the center of an airport city that shall be built. It shall compose of a set of commercial facilities to support the growing number of travellers who shall pass through the airport. It is expected to generate investments, thereby creating jobs and economic benefits for the whole region.
Below is a summary of the target development.
So far, the first target (2015) has been accomplished Read LINK. This year (2016), the runway expansion is yet to be implemented.
Download the full report HERE.