Wilkinsons Point Deal Stalls, Kestelman's Patience Wanes
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Negotiations for a prime waterfront project at Wilkinsons Point near Hobart stall, with Larry Kestelmans LK Group and the Tasmanian government at odds over car park size and cost allocation. Kestelman, who owns the NBL and once had the Tasmanian JackJumpers, is considering walking away after six years of talks. The deal, initially valued at six million dollars, could now face a high infrastructure cost, with estimates ranging from twelve to one hundred million dollars. The opposition calls for market competition to secure better taxpayer value, while the government remains supportive for job creation and economic boost. The future of the project hangs in the balance as time runs out.
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