The Auction Of Former Rex Cinema At Westridge Has Been Postponed By RCBMonday, June 18, 2012
RCB (Rawalpindi Cantonment Board) made uphill struggle for 3 days to auction the site of the former Rex Cinema at Westridge but its effort remained fruitless and it had to postpone the auction.
RCB put the banner on the site of the plaza to attract bidders to participate in the auction but even after waiting for 3 days, the auction could not attract the required number of bidders. The number of the bidders below the par led RCB to postpone the auction in which RCB intended to sell 38 shops.
On the site of the former Rex Cinema at Westridge, RCB has planned to construct a commercial plaza. RCB has also earned money by the construction of another plaza at Gowalmandi and auctioning its flats and shops.
Shakeel Anwar, Additional Cantonment Executive Officer, said that RCB has plans to construct a plaza at the site of Rex Cinema and new date would be decided for the auction. He further added that a new date of the auction would be advertised in newspapers.