[thorn bird]

From the Torch newspaper at Bankstown.

"IT'S official. The new owners of Bankstown Airport have abandoned a plan for the development of a $161 million "business park and family leisure destination" off Milperra Road.
Bankstown Airport Limited (BAL) said its new owner, First State Super, had reviewed the proposal and had requested the withdrawal of the development application for the 41ha site in March."

Which begs the question?

First State Super is a superannuation fund, a trust. Do I recall reading that the airports act precludes a "Trust" from owning the lease for an airport?

"First State Super inherited the draft major development plan (dMDP) lodged by Leda Holdings in January 2016 with the Federal Government when they purchased both Bankstown and Camden airports in December 2015 for a reported $203 million."

Leda holdings is a development shark Company, doesn't the act also preclude a development company from owing a lease for an airport?

"The Government was considering a joint venture proposal by the previous owners of the airport to team up with property developer, Leda Holdings, for the "Bankstown Business Estate" on non-aviation land located in the south-west precinct of the airport. The proposal was to develop the area as a business park, including a factory outlet and restaurants."

Err scuse me, am I interpreting right? the government was considering tipping money into a joint venture with Leda??

Non aviation land??? It only became non aviation after they ripped up a runway, contrary to the terms of the lease and the intent of the Act, dumped asbestos contaminated fill on what was a flood plain already contaminated with live ammunition buried there after world war 11as well as contaminants from fire fighting foam and quite possibly radio active material and sewerage, all without EPA approval.


"In a statement, the airport said that while the various land uses proposed in the dMDP were supported by Bankstown Airport, there was the opportunity to further integrate the subject land with the broader airport including infrastructure.
"BAL is currently considering the optimal use and configuration for the subject land and will re-engage with all parties once this strategy has been further progressed," it said."

"Integrate the subject land with the broader airport"

Great! get rid of the contaminated fill, and restore the 18/36 runway complex. The airport will need that runway after Badgeries Creek is operational.