Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Jamieson Still Refuses to Talk about Shortfall at Caloundra

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Jamieson Still Refuses to Talk about Shortfall at Caloundra

Article excerpt

DEVELOPER Stockland is standing firm that there is no infrastructure shortfall attached to its massive Caloundra South project.

Its position has remained unchanged despite 10 months of high-level negotiations that followed Sunshine Coast Councilas estimate that the shortfall was between $360 million and $560 million, the impact of which it said would add 4.5-9% to annual rate notices over and above any other increase.

In a public information report lodged this week with the federal environment department where it is seeking the final necessary approvals for the project to go ahead, Stockland has made its position clear.

In response to concerns raised by individuals and community groups, it said its infrastructure requirements had been identified in the Urban Land Development Authority-approved master plan for the 50,000-population development.

aThere is therefore no shortfall in infrastructure provision that will have an adverse impact for ratepayers,aa the company told the Federal Government.

aStockland has ensured that the approval requires it to provide all roads, pathways, stormwater devices, water/sewer reticulation and open space to service the site in accordance with the relevant standards for the site.a

The release last year of the infrastructure agreement Stockland achieved with the Urban Land Development Authority immediately raised concerns in the development community about the creation of an unlevel playing field.

There are fears the agreement gives Stockland a cost advantage over other Sunshine Coast developers.

Developers are normally charged $28,000 per residential lot to cover the need to upgrade a whole range of infrastructure to cater for the additional demand.

That did not happen for the 21,000-lot Caloundra South development, approval for which was negotiated by the Urban Land Development Authority which has now been replaced by Economic Development Queensland. …

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