Bagong Nayong Pilipino Entertainment City (PAGCOR City) 2012 Updates

(Updated: July 2012) Bagong Nayong Pilipino Entertainment City Manila, also called Bagong Nayong Pilipino Manila Bay Tourism City or simply PAGCOR City, is a Las Vegas-like, multi-billion dollar entertainment development at the 100-hectare reclaimed land in Parañaque City, an area south of Mall of Asia. The master plan was shown to the public early 2007 which was initiated by the former PAGCOR Chairman Efraim Geniuno.

The US$20B project initially includes a 665-m (2,182-ft) tall PAGCOR Observatory Tower, believed to become the second tallest structure is the world after Burj Khalifa; a breathtaking Manila Eye, Philippine version of London Eye; a high-speed monorail transit, which will connect the main hub to the airport; PAGCOR Arena; residential complexes; integrated shopping complex; commercial and financial centers; deluxe hotels; casinos and resorts.

Aseana City Artist Rendition [credit to: http://www.aseanacity.com/]

Since the government doesn’t have enough money to make this dream development a reality, the help of investors are much needed. Philippines’ SM Investment Corp., Bloombury Investments Holdings, Inc. and Alliance Global Group Inc., Japan’s Aruze Corporation (now known as Universal Entertainment Corp.) and Malaysia’s Genting Berhad (through Hongkong Genting which tied with Alliance Global to form Travellers International Hotel Group) are few of the prominent names in real estate and community development field that fill the list of stakeholders.

List below show the updates of the project. The Development name is linked to the latest news regarding the updates of the project.

Bagong Nayong Pilipino Entertaiment City Luncheon (foreground: Model of Universal Entertainment Complex)

Please help me constantly update this list. If you see errors or change of the project status, leave your comments with your source and well definitely update the information herewith.

Latest Update: NAIA Expressway Phase II.