❓ Hon Peter Collier, on behalf of Hon Tjorn Sibma, asks about the valuation of four lots within the East Perth Power Station redevelopment project and the impact of government site works. The Minister confirms a combined valuation of $1 due to decontamination costs.
AnsweredQoN 409Legislative Council
QuestionView source ↗
EAST PERTH POWER STATION —
REDEVELOPMENT
409. Hon PETER COLLIER to
the minister representing the Minister for Lands:
My question without notice is asked
on behalf of Hon Tjorn Sibma, who is on urgent parliamentary business.
I thank the minister for his answer
to my question yesterday regarding the East Perth power station redevelopment
project and for his confirmation that four individual lots are incorporated
within the overall project precinct.
(1) Has the
government commissioned a valuation of each of the four lots, numbered 600,
601, 602 and 100?
(2) If yes to (1), what are the
present market values for each of those lots?
(3) What impact
will the government's commitment to $50 million in site works have on
the valuation of those lots?
REDEVELOPMENT
409. Hon PETER COLLIER to
the minister representing the Minister for Lands:
My question without notice is asked
on behalf of Hon Tjorn Sibma, who is on urgent parliamentary business.
I thank the minister for his answer
to my question yesterday regarding the East Perth power station redevelopment
project and for his confirmation that four individual lots are incorporated
within the overall project precinct.
(1) Has the
government commissioned a valuation of each of the four lots, numbered 600,
601, 602 and 100?
(2) If yes to (1), what are the
present market values for each of those lots?
(3) What impact
will the government's commitment to $50 million in site works have on
the valuation of those lots?
AnswerView source ↗
I thank Hon Tjorn Sibma for some
notice of the question.
(1) Yes.
(2) It is a combined
value of $1 for all four lots. The cost of removal and relocation of existing
power infrastructure and subsequent decontamination of the land exceeds the
value of the land, resulting in the $1 valuation.
(3) The
government's commitment to site works will facilitate the activation
and redevelopment of the site by the private partner.
notice of the question.
(1) Yes.
(2) It is a combined
value of $1 for all four lots. The cost of removal and relocation of existing
power infrastructure and subsequent decontamination of the land exceeds the
value of the land, resulting in the $1 valuation.
(3) The
government's commitment to site works will facilitate the activation
and redevelopment of the site by the private partner.
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