Bonifacio Global City

Central Business District

Skyline of Bonifacio Global City

Logo

Nickname(s): The Global City,
The Fort

Location of Bonifacio Global City. Disputed between Makati (North) and Taguig (South).

Coordinates: 14°33′11″N 121°3′8″E / 14.55306°N 121.05222°E

Country

Philippines

Region

National Capital Region

Local Government

Taguig

Elevation

16.0 m (52.5 ft)

Population (2007)

• Total

20,741

Time zone

PST (UTC+8)

Area code(s)

Website

www.fbdcorp.com

Bonifacio Global City (also known as BGC, Global City, or The Fort) is a financial district in Metro Manila, Philippines. It is located 11 km (6.8 mi) south-east of the center of Manila in an area formerly under an active dispute between the cities of Makati and Taguig as well as the municipality of Pateros. The district experienced commercial growth following the sale of military land by the Bases Conversion and Development Authority (BCDA). The entire district used to be the part of the main Philippine Army camp.

In 1995, Bonifacio Land Development Corporation (BLDC) started planning a major urban development—Bonifacio Global City. BLDC made a successful bid to become BCDA's partner in the development of the district. The Ayala Corporation through Ayala Land, Inc., and Evergreen Holdings, Inc. of the Campos Group purchased a controlling stake in BLDC from Metro Pacific in 2003. BCDA and the two companies now control Fort Bonifacio Development Corporation, which oversees the master planning of Bonifacio Global City.

During the American colonial period, the US government acquired a 25.78 square kilometre property within what was then disputed area between Makati, Taguig and Pateros for military purposes. This area (TCT dated 1902) was turned into a camp then known as Fort William McKinley after the 25th US president, William McKinley. After the Philippines gained its political independence from the United States on July 4, 1946, the US bestowed to the Republic of the Philippines all rights of possession, jurisdiction, supervision and control over the Philippine territory except the use of their military bases. On May 14, 1949, Fort McKinley was turned over to the Philippine government by virtue of US Embassy Note No. 0570.

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Wikipedia