Soon you will pay higher taxes to pay for the interest of the Loan. You need GMA to flip money on other projects to be given to Cebu just to pay its interest.
There is no tenant on your SRP and Talisay won't let you get away without paying them.
Talisay City is claiming that 53.44 hectares of SRP encroach on its area.
Cebu City is having a hard time selling the 295-hectare reclamation project because Talisay's claim has delayed the issuance of lot titles.
The local government is spending about P1.5 million a day to pay for the interest alone on the SRP. The loan has ballooned from P2.2 billion in 1998 to P6.3 billion under present foreign exchange rates.
http://www.sunstar.com.ph/static/net...tion.feud.html
Without the rest of the Philippines, Cebu will be on his own. Tommy will have a hard time just paying the interest unless, Cebu residents agrees to have more taxes and pay higher taxes.