Leyte town gears for more investments

Palo, Leyte, Aug. 7 --  Lands for commercial spaces and other businesses are being made available in this town to answer the rising demands from increasing number of investors in the commercial and residential sectors.

Palo town Mayor Remedios Petilla on Monday admitted  the town is growing at a fast pace these recent years and that they are running out of area to offer to would-be investors.

However, lots for commercial spaces and other business are being made available along the newly opened West Bypass Road traversing through some inland villages of the town, he said. The road opens another alternative highway for motorists and transportation particularly those going to the west side of the province. 

“For now, this area provides the need for available lots for interested investors, who are inquiring where they can possibly set up businesses,” Petilla said on Monday.

 More economic activities are noted at the Government Center, which houses several regional government officers, and in the nearby Pawing and Guindapunan villages where commercial businesses have opened over the past years.

Lining the primary highway along Pawing and Guindapunan areas are fast food chains, groceries, gasoline stations, and other local businesses.

Petilla said, all lots here, particularly those along the carlines, are now either sold or already occupied.

Anticipating for the town’s growth, Petilla added that the local government is likely to concentrate the commercial boom to the town’s outskirts and other alternative area  to preserve its old “poblacion” or the town’s commercial district.

 Palo, with a population of 70,052 , is a home to historical sites and its town proper houses old religious sites and residential homes worthy of preservation. Palo is also the seat of the Roman Catholic archdiocese. The town is only 14 kilometers from the city.

In the coming months, another food chain will open in Pawing village while a community mall will  start its construction within the year, also in the same area.

At the Government Center, it is noted that more government offices are constructing their own office buildings with the land under a usufruct agreement with the Leyte provincial government.

Meanwhile, Petilla disclosed that both Vista Land & Lifescapes  and Ayala Land, Inc. have also inquired available lots for residential development.

 “We see more and more developments every month here in the town and we are making sure that our people also grow and develop as the town does,” Petilla said.

The town, celebrated its 187^th Palo Day on Monday and marked the important event with nightly festivities to showcase their local culture and promote local economy.  

 The Palo Day Celebration is the town’s yearly fiesta in commemoration of Our Lord’s Transfiguration. (Ahlette C. Reyes/PNA)