Palanca, BREDCO Port founder, passes away at 98

PHOTO CAPTION: The sun has set for the founder of Bacolod Real Estate Development Corporation (BREDCO), Atty. Simplicio Palanca (inset). The “old man by the sea” passed away on Saturday, July 10, 2021, at the age of 98. (Photo: “Sunset at Bacolod’s BREDCO Port” by Christian Lucas Sangoyo/Lakad Pilipinas)

BACOLOD CITY–The founder of Bacolod Real Estate Development Corporation (BREDCO), Atty. Simplicio Palanca, passed away at about 11 am on July 10.

Palanca, who turned 98 last March 12, died in a private hospital in Bacolod where he had been confined.

His younger brother, Dr. Ernesto Palanca, died four days earlier on July 6.

Former 3rd district congressman and businessman Albee Benitez confirmed the death of his two granduncles in a tribute posted on his Facebook.

Benitez described the older Palanca, whom Negrenses fondly called “the old man by the sea”, as a visionary who never faltered from his vision of reclaiming the 250-hectare shoreline of Bacolod and establishing a seaport.

Benitez added that “Even when others thought it was impossible, now it has changed the geographical and economic landscape of Bacolod City, and provided many jobs and opportunities for Bacolodnons and Negrosanons.”

Palanca, he said, also continued his vision for the establishment of Magikland, an outdoor entertainment and amusement park in Silay City, even from his hospital bed.

Palanca began his dream of building a seaport in 1961 and would see BREDCO cater not just to inter-island vessels but to international cargo ships as well.

Incumbent Rep. Francisco Benitez (3rd district) and Albee’s younger brother, in a statement, said, “Our family lost this week two giants whose wisdom and generosity have been a constant source of inspiration and guidance. They devoted their lives not only to enhancing the family’s legacy and protecting the integrity of their parents’ names – but their vision and strong sense of civic duty have changed the economic landscape of Bacolod and transformed the lives of so many Negrosanons. For these and many more, Lolo Sammy and Lolo Esto will be sorely missed.”

The family has not issued details on either memorial. (Eugene Y. Adiong/iNEWS-Bacolod/Negros Bureau)

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