Mil­lion dol­lar case dropped

The Sunday Telegraph (Sydney) - - NEWS - BEN PIKE

AC­CUSED mur­derer Ron Medich and brother Roy have dropped a court case that would have forced the sale of land worth hun­dreds of mil­lions next to the planned Badgerys Creek air­port.

Roy brought a case against his brother to the NSW Supreme Court in 2014, seek­ing an in­de­pen­dent trus­tee to sell a 345ha site they jointly own at Badgerys Creek.

Roy be­lieved his brother’s im­pend­ing mur­der trial was com­pro­mis­ing his abil­ity to deal with the De­part­ment of Plan­ning. Roy was de­pen­dent on the de­part­ment to re­zone the El­iz­a­beth Dr site, lo­cated next to land ear­marked for Badgerys Creek air­port, so it could be re­de­vel­oped.

“My brother and I have jointly dropped the sec­tion 66 ac­tion, which in­volved ap­point­ing a trus­tee to sell the prop­erty,” Roy told The Sun­day Tele­graph.

“The mat­ter no longer ex­ists. It was go­ing on for years, no ac­tion had been taken and it was cost­ing us money.”

Roy, 67, and his 69-year-old brother Ron, both prop­erty de­vel­op­ers, each pur­chased a 50-50 stake in the land in 1997 for $3.5 mil­lion.

The value of that prop­erty has sky­rock­eted with the an­nounce­ment of Western Syd­ney Air­port in April 2014.

Roy said the prop­erty was val­ued at around $35 mil­lion in 2014, how­ever it is still zoned as ru­ral. A change in zon­ing by the De­part­ment of Plan­ning would vastly in­crease the value of the prop­erty.

Roy Medich.

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