12/06/2026
๐๐ก๐ฒ ๐ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐๐ฎ๐ฆ๐๐ ๐ฎ๐๐ญ๐ ๐๐ก๐จ๐ฎ๐ฅ๐ ๐๐๐๐ฉ ๐ญ๐ก๐ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐๐ฅ๐ข๐
๐๐ฒ: ๐๐ญ๐ญ๐ฒ. ๐๐ฎ๐ข๐ ๐ข ๐๐๐ซ๐จ
I have a personal connection to the Dumaguete Public Market.
Growing up, going to the market was part of my daily life. My mother would bring me there to buy food and household needs, and while she went around, she would leave me at Badingโs Halo-Halo, where I would eat, wait, and watch the whole place move around me. Many of my childhood needs were bought in the market too: my green plastic soldier toys, school bags, slippers, and many other simple things.
That is why this matters to me. The public market is familiar to many of us because we have lived with it for years. It has been part of Dumaguete life for generations, and what happens to it next will affect many people who depend on it every day.
The question now is how Dumaguete should build its new public market. Should the City do it through a bank loan, or should it enter into a public-private partnership, or PPP?
I believe the better option is a bank loan.
Of course, a loan should never be taken lightly. The amount involved is huge. The City must explain the figures clearly, follow the law, and make sure that the project is implemented properly. Public money requires public accountability. But we should also be careful not to reject a loan simply because the word โdebtโ sounds heavy.
The estimated cost of the proposed public market is around โฑ1.948 Billion. That number should make us cautious, but it should also make us think seriously about the PPP option. If a private company spends almost โฑ2 Billion to build the market, it will not do so out of charity. It will have to recover its investment, pay financing costs, shoulder operations and maintenance, and still earn profit. That is business.
But a public market is not an ordinary commercial project.
It is where small vendors earn their daily income. It is where ordinary families buy food and basic goods. It is one of the few public spaces in the City where the needs of small businesses and consumers meet every single day. Because of that, the public market must be treated not only as a source of revenue, but also as a socio-economic service.
This is where public ownership becomes important. If the City borrows, builds, owns, and operates the market, it keeps the authority to manage the market with social considerations in mind. It can keep rentals reasonable. It can adjust policies when needed. It can listen to vendors, consumers, and the public. It can treat the market as a public service, not merely as a profit center.
Today, some vendors are reportedly paying only around โฑ4.00 per day in rent. That rate may be extremely low, but it also shows the social character of the public market. The City can allow that kind of arrangement because it is not operating primarily for private profit. It has room to consider livelihood, affordability, and public welfare.
Can we honestly expect a private investor, after spending almost โฑ2 Billion, to operate with the same level of patience and social consideration? I seriously doubt it.
Under a PPP, higher rentals become a real concern. So do stricter collection policies, tighter rules, and less room for flexibility. A private operator has financial targets to meet and contractual rights to protect. If it is given control over the market for many years, the pressure to recover investment and earn profit will naturally affect how the market is run.
This is not to say that all PPPs are bad. PPPs may work for certain projects. But the public market is different because it directly affects food access, small livelihood, and the daily expenses of ordinary families. The more essential the public service, the more careful we must be before allowing private profit to become the main driver.
There is also the issue of accountability.
If the market remains under City control and vendors feel that rentals are unfair, they can go to City Hall. If policies are unreasonable, officials can be questioned. If leaders refuse to listen, the people can hold them accountable in the next election. That is the advantage of a public project: the decision-makers are answerable to the people.
In a PPP, the people may not have the same direct remedy. A private company is not elected by Dumagueteรฑos. It does not face voters. It answers mainly to its contract. If that contract gives the private partner control over the market for a long period, the City and its people may be bound by that arrangement for decades.
That is another serious concern. If the investment is almost โฑ2 Billion, the private partner will likely need a long period to recover capital and profit. That could mean a contract lasting several decades, possibly even 40 or 50 years depending on the final terms. By the time full control returns to the City, the facility may already be old, heavily used, and in need of major rehabilitation.
So we have to ask: what is the point of avoiding a loan today if the price is giving up control of the public market for generations? What is the point of saying โno debtโ if the result may be higher rentals, weaker public accountability, and a long-term contract that future Dumagueteรฑos will have to live with?
With a bank loan, the City carries the financial responsibility, but it also keeps the authority. The City pays for the project, but the City owns the project. Once the loan is paid, the market remains a public asset of Dumaguete.
With a PPP, the City may avoid borrowing directly, but it may also give a private operator control over one of the most important public spaces in the City. That is not a small trade-off.
I fully support the improvement of the Dumaguete Public Market. It should be cleaner, safer, more organized, and ready for the future. Vendors deserve a better place to sell. Consumers deserve a better place to buy food. Dumaguete deserves a public market that reflects the growth and dignity of the City.
But progress should not mean surrendering public control.
For me, the better path is clear: pursue the bank loan, but do it with transparency, discipline, and strict accountability. Show the numbers. Follow the law. Protect the vendors. Keep rentals reasonable. Manage the market as a public service.
The Dumaguete Public Market has served our families for generations. It should remain public, accountable, and truly for the people.