$4.5-B ‘City Polaris’ to rise in Cagayanhome/News/Regions/$4.5-B ‘City Polaris’ to rise in CagayanSANTA ANA, Cagayan: A $4.5-billion world-class city, to be named “City Polaris,” will soon rise at a scenic seaside in this northeastern town, where the Cagayan Economic Zone Authority (CEZA) is located. Lambino said City Polaris would be a compact development that would feature upscale residential buildings, a sprawling business park, civic center, tertiary hospital, condominium buildings, premium villas and online gaming operations. Named after the North Star, the City Polaris would combine some of the best innovations of 21st-century technology and the unsurpassed luxury of nature in Sta. The firm will also invest in establishing a regional airline and conduct a global marketing program and produce promotional materials for the pre-sale of facilities and units at City Polaris. He said these include the grant of permanent residency status for foreign investors and immediate family members, with an investment of $150,000 and lifetime membership in the City Polaris Golf Club.

Source: Manila Times December 22, 2018 02:26 UTC