Property standoff: No end in sight to Woden’s zombie apocalypse

There has to be a solution to the derelict Alexander and Albemarle buildings in Woden.

If Doma considers the ACT Government’s taxes and charges (the Lease  Variation Charge – LVC) makes the  site financially unviable to demolish  and redevelop, then why not stage the project.

Stage 1 – demolish the buildings. If Doma Group does not have the cash  flow then the ACT Government could loan them the required funds, which could be paid back when the land is developed.

Stage 2 – development to be undertaken in the future when financially viable. At this point the loan could be returned and the LVC determined and paid

Read RiotAct article

Print Friendly, PDF & Email

Leave a Reply

ACT Government Links

Supported_by_ACTGov_Blue_Small1Fix My Street
Have your say
Our Canberra

Woden Community Council receives support and funding from the ACT Government

Involvement with WVCC

Join our eMail List


This site is about informing you of issues and happenings in Woden Valley. Click for the important things you should know about that information. ...