"The original Military Bases Agreement of 1947, amended in 1959 and again in 1979, was scheduled to expire in 1991 unless an extension was negotiated. Negotiations for continued United States use of the two major bases in the Philippines--Clark Air Base in Pampanga Province and Subic Bay Naval Base in Zambales Province--had begun in 1990. The tenor of the negotiations changed significantly, however, in 1991, when the end of the Cold War made the bases less important and the eruption of the Mount Pinatubo volcano rendered Clark Air Base unusable. By the end of August 1991, United States and Philippine negotiators had agreed to extend the United States lease of Subic Bay Naval Base for another ten years in return for US$360 million in direct compensation for the first year and US$203 million for the remaining nine years of the lease. But in September 1991, the Philippine Senate rejected the agreement........ Fidel Ramos succeeded Corazon Aquino as president of the Philippines on June 30, 1992, after winning a 23.6 percent plurality in the May 11, 1992, general election. Ramos, secretary of national defense in the Aquino administration and handpicked by Aquino to succeed her, narrowly defeated Secretary of Agrarian Reform Miriam Defensor Santiago, who received 19.8 percent of the vote, and former Marcos crony Eduardo Cojuangco, who received 18.1 percent. "
it is notable that the Defensor family now runs the former US Navy golfclub as a private "spa" for weathy koreans, along with a variery of other rackets in the now "privatised" subic freeport.
the main arguments to close subic were absurd: 1) that filipinos would be in a better position to negotiate a better lease, after the lease was terminated, and make more money. 2) that the philippines would be a stronger and more independant nation after ousting the usa military, by building up the AFP (..lol..) 3) 'experts' claimed that US bases were no longer needed, as the cold war and soviet union was over, hundreds of US military bases around the world closed down around the same time, so in this sense the Subic closure was unremarkable. No one considered China a military threat, nor even a significant ecnomic power at that time. What was remarkable about the closure of subic was that it left a power vacuum in the south china sea, that worsened with the further decline of the AFP (rather than the AFP build up promised by the subic base closers). China quickly filled the vacuum that the us navy and declining afp left behind.
The filipino Senate ignored Cory Aquino's "people power" rally of 150,000 supporters.. and refused to put the Subic base issue to a voter referendum... radical anti-usa crackpots protesting against US bases numbered below 100. It is notable that GW Bush scrambled 1 US fighter jet from Clark AFB to support president Aquino in a revolt led by filipino airforce officers in 1989. It is also notable that China agressively siezed several islets and reefs, and claimed all the spratly islands within 2 years following closure of Subic.
Tthe closure of Subic may have been to transfer valuable real estate into the hands of the same anti-usa filipino politicians and thier families that pressed for closure, who now run the nightclubs and other rackets around subic. Many claims are made that subic freeport is now a greater economic asset than was subic naval base.. this is very hard to reckon with arial photos that show subic was one of the busiest seaports and shipbuilding ports in the world when the navy base was there, and today photos show subic nearly vacant, and most of the billion dollar US built facilities are still idle, Due to excess capacity at Subic, there is no logical argument that the US base would have interfered with private development at Subic, or that the private development at Subic could have been developed elsewhere. Maybe some earned a few pesos on the liquidation sale of the former subic base real estate?
Dont' swallow the anti-usa propaganda about how us bases were shamefully over-run with hookers 'back then'. Reality check: yeah there were a few small, discrete adult clubs around the base entrance, as is typical of many bases around the world (except some strict muslim nations). These tiny bars were a downlow sideshow to the large Clark and Subic bases, which were the main event. Now there are hundreds of huge, rowdy, wild and crazy adult 'meat markets' that are the main industry, employment and attraction in these former base towns today. A few years after clark closed, the 100 year old redlight district of ermita was relocated to Angeles city; the adult nightlife, barscene,, 'romance tourism' is now ten times larger, and more profitable, than it was durring the US military era.. also don't swallow the anti-usa bile about pollution, etc.. as filipino politicans demanded money to clean up the bases, instead of a US clean up, and of course pissed away the money and never did the clean ups.