 According to local rumor, the legend of Balete Drive was "fabricated by a reporter in the 1953 in order to come up with an interesting story".In 2005, a Quezon City barangay official proposed that the city could use the legends to boost tourism by declaring the street "haunted" and making it available for Halloween parties.The segment of the Balete Drive from Aurora Boulevard to Eulogio Rodriguez, Sr. Ave has been zoned by the Bureau of Internal Revenue for regular residential and commercial purposes.