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”.