Question regarding the sale of the former basketball stadium site in Joondalup, specifically concerning the sale price, competitive tender process, and potential subsidies. The answer confirms the sale was consistent with valuation and through a competitive process.

AnsweredQoN 4153Legislative Assembly
Asked
9 October 2018
Portfolio
Lands

QuestionView source ↗

I refer to the media release dated 18 September 2018 titled 'Former basketball stadium site to become Joondalup entry statement', and I ask: (a) how much did the successful proponent pay for each of the three lots, broken down by individual lot; (b) did LandCorp achieve the expected value for the land as a result of the sale; (c) if no to (b) how much lower was the sale price than the expected sale price; (d) has LandCorp received, or will it receive any subsidy or payment or equity injection from Treasury as a result of this sale; (e) if yes to (d), what is the value of that payment; (f) where lots 2 and 3 subject to a competitive tender process; and (g) if no to (f), why not?

AnswerView source ↗

Answered
27 November 2018
Responded by
Minister for Lands
Response time
15 days
(a) The successful proponent from the Offers Invited Opportunity for Lot 701 Collier Pass, Joondalup has entered into a sale contract consistent with the valuation. The contract has not yet settled.
(b) Yes
(c) Not applicable
(d) No
(e) Not applicable
(f) LandCorp has contracted the sale of Lot 701 through a competitive process as one parcel of land and not as subdivided lots.
(g) Not applicable

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