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Legislative Assembly for the ACT: 1998 Week 9 Hansard (19 November) . . Page.. 2738 ..

Question No. 53

Development - Inner City

MR STANHOPE - Asked the Chief Minister upon notice on 29 October 1998:

In relation to inner city revitalisation -

(1) What criteria are used to assess applications for assistance for inner city revitalisation projects such as the three mentioned in evidence given to the Select
Committee on Estimates 1998-99 on 21 July 1998 by the Chief Minister and her officers (the Waldorf Apartments, the Melbourne Building and the Holiday Inn);

(2) Were any such proposals refused by the Government, and if so, what were they.

MS CARNELL - The answer to the Member's question is as follows:

(1) The objective of the inner city revitalisation project is to encourage the reuse of commercial office space, of which there is a current oversupply in Canberra, to maintain Civic as Canberra's city heart as well as an active and attractive entrance corridor to the north of the city.

The criterion used to assess applications for assistance is that the proposed changed use for an existing office building in Civic, or in the Northbourne Avenue Corridor is consistent with the Territory Plan.

Assistance available for approved projects may include:

. remission of the change of use charge, applicable until 30 June 1999;

. waiver of stamp duty on the sale of residential units valued at less than $250,000 and on the sale or sub-lease of space in buildings for other uses (applicable to 30 June 2001, subject to the building application being approved by 30 June 1999); and

. waiver of any lease variation component of the Development Application fee (to cease on 30 June 1999).

(2) No formal proposals concerning assistance for projects in the relevant area have been refused.

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