into the federal government's handling of the purchase of land from the Perich family have put the spotlight on the oversight of developments around the airport site.The Perichs stand to make a significant gain on their large property adjacent to the planned Aerotropolis train station at Bringelly. Much of their land is in an area that was rezoned to mixed use from primarily rural in October, clearing the way for houses, office buildings and shops to be built.
Federal Liberal MP John Alexander said the value of a hectare close to a new train station could rise from $5000 to more than $25 million the moment its location was announced. Mr Alexander said governments had a duty to taxpayers to secure just, equitable and fair portions of increases in property values when it was clearly linked to government-funded infrastructure such as the airport and the rail line.
The Perichs own about a fifth of the land – some 311 hectares – in the precinct, which covers 1382 hectares. The well-known Ingham family also own a large property there.Tony Perich, the joint managing director of the family business Perich Group, said he was not aware that there were plans to acquire their land for the rail line.
Mattonews funny how nswpol can tunnel rather than destroy streets and lose urban trees like for the light rail in eastern suburbs of Sydney ? it can be done but this was a set up by business lobby groups and look at it now , over budget hardly used & a disaster on every front
Mattonews Billionaire family gets what they want at taxpayer expense How is that a story?
Mattonews Nothing to see here.
Mattonews They obviously never donated large sums of cash to the liberal party.
Mattonews A dozen landowners.. Yes that's ine way of putting it - if you're intentionally be favouable to the Liberals. .
Mattonews the family stand to make much more money selling to developers
Mattonews Probably cheaper to tunnel under it than pay 30 times what it's worth auspol
Mattonews Didn't we pay $27,000,000 more than the land was valued. They have done well with their LNP connections & a very good return for their donations.
Mattonews Maybe ICAC had something to do with that ...who knows
Mattonews Doesn't the gov pay 10 times market value? Or is that just for their donors. 🤷♂️🤷♂️🤷♂️
Mattonews I smell a rat 🐀