Opposition MP questions the Premier regarding the sale of government land at Burswood to Crown Limited, focusing on the valuation process, remediation costs, and transparency of the valuation report.

AnsweredQoN 537Legislative Council
Asked
16 August 2012
Portfolio
Leader of the House representing the Premier

QuestionView source ↗

BURSWOOD —
GOVERNMENT LAND SALE
537. Hon ED DERMER to the Leader of the House representing
the Premier:
I am following the Leader of the House's advice of
yesterday to ask the question again that I asked yesterday. Some notice has
been given of the question.
I refer to the government's decision to sell 5.8
hectares of government-owned land at Burswood to Crown Limited for $60 million
for the purposes of a new hotel and to the Premier's statement in The West Australian of 2 August 2012
that the unencumbered value of the land being sold was $95 million.
(1) Which government agencies provided the valuation of the
land?
(2) Did the
valuation of the land take into consideration the fact that the land would need
to be remediated; and, if so, what was the estimated cost of the remediation?
(3) Will the
Premier table a copy of the valuation of the land; and, if not, why not?

AnswerView source ↗

I thank the member for some notice of this question.
(1) Landgate—the Western Australian Land Information
Authority.
(2) The
valuation notes that the market value of $95 250 000 has not been discounted by
the cost of identifying and remediating any contamination affecting the site or
additional development costs associated with deep piling. These costs could be
substantial, and a figure of approximately $30 million was disclosed.
(3) No. The
valuation report was included as part of the cabinet submission considered by
government, and as such it is a cabinet-in-confidence document.

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