This 350,000 sqm integrated development is named after former Cebu City Bantay Dagat project director, Elpidio “Jojo” dela Victoria to pay tribute for his bravery in protecting our waters from dynamite fishermen. New Isla dela Victoria was initially announced by former Cebu City Mayor Tomas Osmeña last March 2018. Currently, Cebu City Mayor Labella already gave his support and approved the project.
John Gokongwei, a self-made Cebuano billionaire, has agreed to generously invest in the P25 billion project (initially P18 billion) in SRP Cebu with no cost to Cebu City. Cebu City will keep 10% of all profits earned for the whole duration. When the 50-year lease expires, the Cebu City Government will own not just 10%, but everything on the property.
New Isla dela Victoria is expected to be a great contribution in boosting Cebu’s economy. This fancy hotel will include bars, mall, theater, casino, restaurants, park, convention center and 3 jaw-dropping hotels! We can’t barely imagine how huge this resort is! Let’s get a closer look!
The P25 billion will go directly to the economy of Cebu and not to the government. Proceeds will go to the backbone of New Isla dela Victoria. It will go to the suppliers, security guards, carpenters, construction workers, electricians, and truck drivers who will make this dream project come to life. When the resort’s finally completed, 5,000 new job opportunities will be given to Cebuanos. This amazing resort will not only put the spotlight on Cebu but will also shed some light on every hopeful Cebuano looking for a good job.
Sneak Peeks about New Isla de Victoria!
To build more excitement, ASYA, an award-winning Philippine-based architectural firm is in charge of the architecture and interior design of this highly anticipated multi-billion project. The target date of completion is this year 2021! Brace yourselves!
Design Precedents of the Boardwalk
Design Precedents of the Casino Area
Design Precedents of the Commercial/Shopping Center Interiors
A Tower of Hope
It’s uplifting to hear that we’re having advancements like this to brighten the future of our economy. It’s also heartwarming to know that people care not not only for the betterment of their businesses but also the careers of many Cebuanos. Together with New Isla dela Victoria, Cebuanos will continue to rise.
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