City land needs to be sold as one par­cel

Townsville Bulletin - - Inside Today - Tony Rag­gatt

A MA­JOR de­vel­op­ment site in Townsville’s CBD needs to be re­tained as a whole so it can be re­de­vel­oped and re-en­er­gise the city, Deputy Mayor David Crisa­fulli said yes­ter­day.

Cr Crisa­fulli was com­ment­ing on moves by Townsville’s Lancini Group to di­vest its 25 per cent in­ter­est in the com­pany which holds the par­cel and was to be the ve­hi­cle for a $ 200 mil­lion en­ter­tain­ment and re­tail pro­ject called Flin­ders Plaza. The ma­jor share­holder is a sub­sidiary of em­bat­tled re­tail group Aus­texx.

‘‘ It’s ob­vi­ously very dis­ap­point­ing that the lo­cal el­e­ment of the pro­ject will no longer be present,’’ Cr Crisa­fulli said.

‘‘ How­ever we as a com­mu­nity should ac­knowl­edge that what ( Lancini di­rec­tor) Lau­rence Lancini did in putting to­gether a whole city block is some­thing that will still bear fruit for the city in years to come.

‘‘ It would have been vir­tu­ally im­pos­si­ble for any­body else to have achieved that.

‘‘ The fact it re­mains as an en­tire par­cel means the com­mu­nity needs to work dou­bly hard to make sure that a vi­able well-re­spected com­pany pur­chases that site as a whole and we see a de­vel­op­ment take place that will reen­er­gise the city.’’

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