In relation to the proposal by the Croatia Deakin Soccer Club to redevelop the Deakin Soccer Oval and the direct grant of land at section 33 Deakin to this Club for housing:

(1) What financial analysis has the Government undertaken of:

(a) The costs that would be incurred by the Croatia Deakin Soccer Club in redeveloping the soccer oval;

(b) The capacity of the Club to finance the redevelopment costs; and

(c) The revenue that would be gained by the Club from acquiring and developing section 33.

(2) What analysis has the Government undertaken of the benefit to the ACT of providing assistance to the Croatia Deakin Soccer Club for the soccer oval redevelopment.

(3) What consideration has the Government given to providing a direct contribution to the Croatia Deakin Soccer Club through the Budget for the soccer oval redevelopment, rather than giving a direct grant of section 33 to the Club.

(4) What consideration has the Government given to the release by auction of section 33 for housing independently of the soccer oval redevelopment.

(5) What controls does the Government intend placing on development of section 33 in terms of density and style of housing.

Question 1

The Club is proposing to surrender its existing concessional lease and be issued with a new lease over the oval and car-park site. Financial costings have been prepared by the Club, and assessed by the Territory, on this basis.

Under the proposal, the Club has accepted a lower than normal level of return in recognition of its commitment to ensuring that all aspects of the redevelopment are achieved.