This morning I noticed ABC Online has brought the news that the proposed Woolworth’s development has been knocked off by ACTPLA. The reasoning is that it was too large for the site.
Brings me to a question, when can the ACT Government go, “Look you’ve had 4-5 years of trying for a redevelopment, either you put in plans that we can approve within 6 months or the land reverts to Government to be auctioned off.
That a developer can let a suburban shops fail, then seek to place inappropriate developments (and they were knocked back so they were inappropriate) and meanwhile it degrades into an eyesore. Now I’d imagine that some sort of commercial development is viable, probably not one that will make the current owners the sort of cash they were hoping for, but that’s risk for you.