Bonifacio Global City

Bonifacio Global City is a financial district in Metro Manila, Philippines. It is located 11km south-east of the center of Manila. The district experienced commercial growth following the sale of military land by the Bases Conversion and Development Authority . The entire district used to be the part of the main Philippine Army camp.It is administered by the city government of Taguig but the governments of Makati and Pateros claims jurisdiction.In 1995, Bonifacio Land Development Corporation 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.HistoryDuring 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.