THE urban redevelopment of the 82-year-old Rizal Memorial Sports Complex (RSMC) is expected to drive business growth in the City of Manila and make it competitive with the rest of the National Capital Region, a local business group said.

In a statement on Tuesday, the group of businessman Enrique Razon said the preservation and the redevelopment of RMSC will provide a new revenue stream for Manila as well as create thousands of jobs.