SUBIC BAY FREEPORT: The Subic Bay Metropolitan Authority (SBMA) took back more than 240 hectares of property that remained undeveloped despite being leased to a marine theme park company 12 years ago.

SBMA Chairman and Administrator Wilma Eisma said her men closed down three separate areas at the 505-hectare property of Subic Bay Marine Exploratorium Inc. (SBMEI) because of failure to honor its development commitment under a lease and management agreement. SBMEI is the operator of popular tourism facilities Ocean Adventure, Camayan Beach Resort and Adventure Beach Waterpark here.