Question regarding the disbursement of $11.5 million allocated to the Town of Cambridge for the Bold Park agreement and whether a future city of Riversea will receive the funds instead. The answer indicates the money has not been paid and the agreement remains with the Town of Cambridge.

AnsweredQoN 1225Legislative Council
Asked
23 October 2014
Portfolio
Lands

QuestionView source ↗

TOWN OF
CAMBRIDGE — BOLD PARK AGREEMENT
1225. Hon KEN TRAVERS to the
parliamentary secretary representing the Minister for Lands:
I refer to the $11.5 million allocated in the 2010 Government Mid-year Financial Projections
Statement to the Town of Cambridge for the Bold Park agreement.
(1) Has the money been paid to the Town of Cambridge?
(2) Considering
that the payment relates to the rezoning and sale of a portion of what is known
as area G at the corner of Stephenson Avenue and Montgomery Avenue, Mt Claremont,
will the money now be paid to the future city of Riversea?
(3) If no to (2), why not?

AnswerView source ↗

I thank the honourable member for some notice of the
question.
(1) No.
(2) LandCorp
is not aware of any changes to the beneficial ownership of the land. A deed is
in place between the Town of Cambridge and the state of Western Australia, with
LandCorp acting as project manager, that governs the distribution of profit
post-development.
(3) Not
applicable.

Explore WA Government Data

Search the full archive in the free dashboard, or query programmatically via API.

Explore more