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Legislative Assembly for the ACT: 1999 Week 6 Hansard (22 June) . . Page.. 1649 ..
Inner City Revitalisation Project
Mr Stanhope
asked the Chief Minister, upon notice:In relation to the inner city revitalisation project
(1) What are the names of the organisations who have successfully applied for
assistance under the inner city revitalisation project over the past six months.
(2) How much has this project cost over the past 12 months in real terms in
relation to
(a) direct financial assistance; and
(b) income forgone in relation to remission of the change of use charge,
waiver of stamp duty, development application fees and other related
waivers.
Ms Carnell
: The answers to the Member's questions are as follows:I understand the Member is referring to the Civic Revitalisation program. In the 1997-98 Budget I announced a series of incentives under the Civic Revitalisation program to assist in bringing forward the redevelopment of redundant office buildings in Civic. The program commenced on 1 July 1997 and its key initiatives were
� waiver of the Development Application fees, until 30 June 1999
� a 100% remission of any Change of Use Charge, until 30 June 1999
� a once only waiver of stamp duty for each residential unit valued at less than $250,000, until 30 June 2001
The area covered by the package of incentives is the Commercial Land Use Policy Area, Civic, and the Northbourne Avenue Corridor, as defined by Parts B2A and B2E of the Territory Plan. The incentives are for redevelopment of 'B' class office stock (this includes demolition and re-building) which have a lease purpose predominantly for 'offices'.
(1) To date, 5 projects have been deemed eligible under the Civic Revitalisation program. These are the "Waldorf" development in the former Wales Centre, the Melbourne Building, the Jolimont Centre, and the MMI Building in Northbourne Avenue. In respect of stamp duty waivers only, the "Holiday Inn" project on Northbourne Avenue was eligible.
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