❓ Question regarding costs incurred by Landcorp for the Mangles Bay marina development and potential compensation sought by Cedar Woods following the project's cancellation. The answer reveals costs, confirmation of compensation claims, and no provisions made for payments.
AnsweredQoN 4048Legislative Assembly
QuestionView source ↗
I refer to the Minister's decision regarding the Mangles Bay marina, and I ask: (a) What is the total cost incurred to date by Landcorp regarding the Mangles Bay marina development; (b) Has Cedar Woods indicated to Landcorp or the Minister that they intend to recover costs or seek compensation from the Government regarding this decision; (c) If yes to (b) how much is Cedar Woods seeking to recover; (d) Has Landcorp made any provisions for payments to Cedar Woods in relation to the Mangles Bay marina project; and (e) If yes to (d) what is the value of the provision?
AnswerView source ↗
Answered
20 November 2018
Responded by
Minister for Lands
Response time
16 days
(a) $2.6 million
(b) Yes
(c) Refer to Cedar Woods ASX announcement of 1 March 2018.
(d) No
(e) Not applicable
(b) Yes
(c) Refer to Cedar Woods ASX announcement of 1 March 2018.
(d) No
(e) Not applicable
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