How we pay for things

The Townsville Stadium won’t come cheap. And its operations and maintenance will still need to be paid for. So how?

Warwick Powell recently posted on LinkedIn and suggests a Benefited Area Rate should be applied to properties within a reasonable catchment of the proposed super stadium and publicly-funded boardwalks in Townsville’s CBD to pay for initial capital risk and ongoing operational outlays. He argued:

Let’s not beat around the bush: a massive injection of public monies will result in the privatisation of substantial capital gains and development profits of over 30% for property owners and developers who are, or have been, moving in on the CBD and areas adjacent to the proposed boardwalks and super-stadium.

Search for him at LinkedIn and check out the post “Fair’s fair”.

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