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Carter sinks the boot in on Denman Prospect

By johnboy - 12 September 2013 4

The Property Council’s Catherine Carter is making her displeasure with the LDA known:

The Land Development Agency should have known that Denman Prospect Molonglo would not sell in the way that it was offered to the market.

“The market has spoken”, said Property Council ACT Executive Director Catherine Carter. “It’s hardly a surprise that in the current financial climate the private sector does not have the appetite for the development of such a large parcel of land, particularly given the planning risks associated with DV306.

“Before this site was even released to the market there was consistent advice from the Property Council that it would be very difficult for a site of this size to be released to one developer and that the preferred industry position was, and remains, that this whole site be broken up into not less than 3 or 4 separate parcels.

“What is really surprising, and very disappointing” she said “is the recent announcement that the LDA now proposes to service the land itself, for some 1,700 new dwellings, without elaborating on how it intends to manage the development and sales process.

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4 Responses to
Carter sinks the boot in on Denman Prospect
54-11 9:00 pm 12 Sep 13

Last week the PCA’s vuvuzela (Catherine Carter) was whingeing that the government wasn’t doing enough to help the property industry. Now she says it shouldn’t be doing anything.

Talk about rent-seeking self interest.

I’m sick of this mob sucking on the public teat when it suits, and arguing for small government and less so-called “red tape” when it suits.

PoQ 2:28 pm 12 Sep 13

beardedclam said :

So this lady says “I knew before but you didn’t listen. Na na na na na.”
No one wanted it and the Government is doing it now, private industry put your money where your mouth is.

Or that the government knew exactly that; but to ensure that the right developer got the contract they did it the way they did.

beardedclam 12:52 pm 12 Sep 13

So this lady says “I knew before but you didn’t listen. Na na na na na.”
No one wanted it and the Government is doing it now, private industry put your money where your mouth is.

davo101 12:21 pm 12 Sep 13

Rough translation:

I can see a trough over there but you are preventing me from getting my snout into it.

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