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Published On: Tue, Apr 3rd, 2012

Coomera Town Centre Sweetheart Deal With Council

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.

 

 

About the Author

- Glenn Batten is the Principal Licensee of First National Real Estate Upper Coomera which provides residential property sales and property management services throughout the Northern Growth Corridor suburbs of Upper Coomera, Coomera, Pimpama, Willow Vale, Ormeau and Oxenford.

Displaying 1 Comments
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  1. David says:

    Hi,

    Why doesn’t the council start the road infrastructure required for the work to begin?

    There are already bottle necks on Foxwell road and the overpass on the M1 let alone when constructing the town centre. If the council gets going on this it’ll provide jobs, confidence and a real boost in the northern gold coast corridor economy that the town centre is actually going to happen.

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Recent Comments

  • Wayne Bennett: I hope that there will be a road upgrade done as well. The r…
  • Kirk: I can provide some info here. This is not on hold, in fa…
  • Glenn Batten: Rob, The Town Centre has been on hold now for nearly a decad…
  • Rob: Thanks for the reply Glen. I'm working at Chermside now and …
  • Glenn Batten: Rob, I certainly have not heard that at all. They have cle…

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