Friday, January 27, 2012

What Happened to the Subic Miracle?


What happened to the Subic miracle? The economic engine that drove the freeport seems to have stalled in the past few years. Construction projects are half finished or abandoned completely. Signal lights do not work. Roads are pock marked with deep crevices. Waterfront Road is ghost-town empty except on holidays and week ends. Once busy, bustling banks where you had to take a number are now empty. Conversely, Clark Development seems to be bustling with activity and energy. And their traffic lights actually work.

What happened to SBMA?

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