Apparently, all is not as it seems with the Benitezes! They’ve been claiming that it was STI who wanted to commercialize the JASMS QC property on EDSA, but as it turns out in this blog… IT WAS THE BENITEZES who originally wanted to KICK JASMS OUT of that PROPERTY AND PLACE IT IN FAIRVIEW!!
In the mid-1990s, Jolly Benitez, the father of PWU President Kiko Benitez, had an ambitious plan. He wanted to transfer pupils and students of JASMS in Quezon City to some remote location in Fairview.
The idea was simple and straightforward. For the Benitezes, the JASMS property located in EDSA had grown so much in value that Jolly figured they would get more profits if they just evict the school community there and turn the entire place into shopping malls and condos.
Jolly, a known Marcos crony and former deputy minister of Imelda Marcos’ Ministry of Human Settlements, had commissioned the formulation of a development plan for his commercial property project.
The 1990s represented the first phase of mall projects boom and the plan Jolly had for JASMS was so enticing that the Benitezes managed to get the attention of Hongkong firm Jardine Land. In no time, Jardine was in on…
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