Developers for the Coomera Town Centre have no excuses now according to the Gold Coast Bulletin after Gold Coast City Councillors announced that the infrastructure charges have been slashed from $165 million to just $6 million.

Here are some extracts from the article in yesterdays Gold Coast Bulletin

THERE is no excuse for Westfield to hold off building the much-delayed Coomera Town Centre after infrastructure charges were slashed from $165 million to just $6 million, according to Gold Coast City Councillors.

But it is understood the trigger point in the number of homes approved in the area for Westfield to start work has not been reached, with the finger pointed at the council for stifling development.

Time is running out though, with the council expected to pull the multimillion-dollar discount from the table if Westfield does not accept the deal by the end of the year.

The Bulletin understands the former State Government slashed the charges to help push the long-awaited project off the ground.

Sources said the charges would have been spent on overpasses and other roads in and out of the precinct.

News of the $159 million dollar sweetheart deal has upset other long term developers including Norm Rix, Bob Ell and Eliezer Kornhause which featured in todays Gold Coast Bulletin article   where the spokesperson Norm Rix called for Adminstrators to be called in to run the council.