Page 3753 - Week 13 - Tuesday, 15 October 1991

(17) Is it also the case that the consultants report also said that the yield to the Trust

could be raised to $4.8m if the Trust undertook redevelopment and marketing of

the site to a standard residential density.

(18) Were expressions of interest ever sought from the private sector to redevelop the

site; if not, why not. If they were, at what stages were they sought and what steps

were taken to seek expressions of interest.

(19) Was selective demolition of the Flats ever considered in conjunction with an

upgrading of the remaining dwellings; if not, why not.

(20) Was this ever suggested as an option to the Trust.

(21) What is the estimated value of the infrastructure (roads, sewers, stormwater

drains, underground electrical reticulation, water supply) that has been put in

place at the Flats.

(22) What were the aims behind the decision to demolish the Flats.

(23) What consideration was given to allowing the private sector to redevelop the Flats.

(24) What is the latest estimate of revenue to be obtained by the Government from the

Flats project.

(25) Is the demolition project on schedule; if not, why not. What is the estimated date of

completion of the project.

Mr Connolly - the answer to the Members question is as follows:-

(1) A report prepared by the national Capital Development Commission in April 1988

identified 19 options as follows:

1. Do nothing 2. Do nothing and change management

3. Minimum upgrade units only 4. Minimum upgrade and site improvement

5. Minimum upgrade of all units 6. Premium upgrade

7. Selective upgrade

8. Redevelop with APUs and family units

9. Redevelop with diverse mix

10. Sell as is

11. Demolish, subdivide and sell

12. Partial sale and upgrade 40 units

13. Partial sale and upgrade 100 units

14. Partial sale and redevelop 100 units

Partial subdivide plus sell, retain, redevelop

16. Leasing to private enterprise (70%)

17. Sale to existing tenants

18. Sell 33% to private enterprise Sell 33% to tenants Retain 33%

19. Retain, redevelop 80% plus increase open space

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