Issue 09 of Wyong Regional Chronicle

Page 1

FREE

November 22, 2012

Your independent community newspaper - Ph: 4325 7369

Issue 9

Council in negotiations with developer over proposed $500M Chinese Theme Park yong Council received an updated report on the status of the proposed site for a Chinese Cultural Theme Park on Warren Rd, Warnervale, at its ordinary meeting of Wednesday, November 19.

W

Chinese Theme Park representative Ms Amanda Lee addressed the meeting and explained how the venue would provide jobs for residents of Wyong Shire and would be a boost for the local economy. Ms Lee said while the majority of the revenue for the theme park would come from private proprietors, the Chinese Government was supportive of their plan to construct in Warnervale. It was resolved at the meeting that the mayor and general manager urgently negotiate with Australia Theme Park Pty Ltd with the objective of achieving an agreement for sale of the proposed site where Council’s risks and liabilities would be minimised and where a satisfactory sale price was offered by the purchaser. Council has received a number of visits and documents from Chinese delegates during the past two years, with many influential businessmen and Government officials indicating support for the project. All support is dependent upon the issue of land tenure and zoning issues

being resolved between Council and Australia Theme Park Pty. The site, at Lot 3 Warren Rd, Warnervale, has a total area of 179.277 Ha. The site includes Warnervale Airport and a portion of Porters Creek wetland. The village would be a working village with accommodation, shops, restaurants, galleries and tourist accommodation. The proposal is expected to cost in the vicinity of $500 million making it one of the largest private sector developments in Wyong Shire and the Central Coast. In March last year Council considered a Mayoral Minute in relation to the proposal from Australia China Cultural Foundation Incorporated (ACCFI) to develop a Chinese Theme Park on Council owned land at Warnervale. Council resolved among others matters to enter into a co-operation agreement to continue to progress the project. This agreement was formally entered into on Monday, August 15, 2011 with mayor Cr Doug Eaton and the President of ACCFI, Mr Bruce Zhong signing the

We

agreement. The terms of the agreement identified that Council grant ACCFI a non-exclusive licence to enter the land for the sole purpose of carrying out investigatory works to support the development of the project. The period of the agreement was from Friday, July 1, 2011, to Thursday, June 30, 2012, with the agreement having now lapsed. During the period of the agreement ACCFI engaged consultants Cardno to undertake a desktop review of environment, engineering and planning constraints with regard to the proposed development. The review identified that the current zoning of the property as Industrial would not permit all of their proposed uses, however, this matter could be addressed by making a submission to rezone the land to permit the proposed land use through the exhibition period of LEP 2012. The cost of this review undertaken by Cardno is reported to be in the vicinity of $250,000. At a councillor briefing session held in June of this year, an update of the current situation was presented

with particular emphasis being placed on the financial models available to this project. In August this year, an offer to purchase the site from Council was received from Mr Zhong, however, this offer was considered unacceptable to Council with a response being forwarded detailing Council's position in the matter. In October, Council

received a conditional offer to purchase the site for $10 million from the Australia Theme Park Pty Ltd. The conditions imposed inappropriate risk and obligations on Council and as such the offer was rejected and the Australia Theme Park Pty Ltd was advised accordingly. Council staff are currently preparing a land economics report

on the site that will be used to guide future decision making on this site The mayor and general manager of Council have been requested to report the outcomes of the negotiations at the next ordinary Council meeting on Wednesday, November 28. Council Agenda, 14 Nov 2012 7.4, Wyong Council

The Central Coast


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.