Despite the news that the ACT could lose $50 or $60 million (depending on whose version you believe), a view amongst the ACTPS that there won’t be any money around next year for things they don’t want, and strong opposition from the local AMA to the waste of money (buying something back that was never actually sold), the ACT government has announced that it will buy back Calvary Hospital for the grand sum of $77 million.
Katy Gallagher says you gotta spend to save.
Perhaps one driver of the sale was the little-known fact that The Little Company of Mary has only 12 nuns left (reported in the Canberra Times today).
The lesson of this: get a grant then sell it at enormous profit. It’s a bit like the Koomari selling of the long-stay Caravan Park, which was a $1 grant (by Carnell) that got sold on for about $1million. Could the NSW Government even be this silly?