09-09-2015, 03:06 PM
(This post was last modified: 09-09-2015, 07:23 PM by thorn bird.)
Well according to todays Fin. review, Bankstown airport is sold.
Altis, another development shark, has bid over two hundred million for BK and CN.
Great result for the CBA, they get their 195 Million back or role the loan over to Altis.
Still a few bucks left over to pay out the receivers,various other parasites and perhaps donate a bit more to the political parties,probably favouring the State labour party to make sure they make good on their promise to shut the airport down for "Development".
Too big a stretch??
Aww come on, a property shark does not cough up two hundred Million unless they can see ten times that at some stage in the future. Twenty million in rent is not even 10% return after expenses, just keeps the loan ticking over until they can do what they do..develop, as long as its not for airports, no money in Airports, like National Parks, they exist to serve the public. Its now a waiting game, just how long will an Industry brought to its knees by over regulation and greed survive?
All the hard yards have been done by the incumbent.
Bal has pretty well put a lid on the contamination issues.
Love to know what it cost for those retrospective EPA approvals from Bankstown council (we're in the money..we're in the money) Yea!
They have forced a good deal of the industry off the airport, there's very little to do but clean up the stragglers and the pot of gold is theirs.
Dont you love the way they spin it?
Bob Ell's little project on the flood plain is "Ajacent" to Bankstown airport,not part of it. No mention that they ripped up a runway, moved the radio aid, and paid the museum to be move to Camden to make that space, chomping almost a third out of the airport. Wonder what the poor old Museum folk will do when Camden airport becomes HOT property? move to Goulburn?
I guess the long suffering aviation tenants can look forward to another round of skyrocketing rent increases and electricity charges as Altis follow the tried and proven technique of pricing aviation off the airport to free it up for "development".
The Murky Mandarin no doubt pulling strings in the background in aid of the process.
Altis, another development shark, has bid over two hundred million for BK and CN.
Great result for the CBA, they get their 195 Million back or role the loan over to Altis.
Still a few bucks left over to pay out the receivers,various other parasites and perhaps donate a bit more to the political parties,probably favouring the State labour party to make sure they make good on their promise to shut the airport down for "Development".
Too big a stretch??
Aww come on, a property shark does not cough up two hundred Million unless they can see ten times that at some stage in the future. Twenty million in rent is not even 10% return after expenses, just keeps the loan ticking over until they can do what they do..develop, as long as its not for airports, no money in Airports, like National Parks, they exist to serve the public. Its now a waiting game, just how long will an Industry brought to its knees by over regulation and greed survive?
All the hard yards have been done by the incumbent.
Bal has pretty well put a lid on the contamination issues.
Love to know what it cost for those retrospective EPA approvals from Bankstown council (we're in the money..we're in the money) Yea!
They have forced a good deal of the industry off the airport, there's very little to do but clean up the stragglers and the pot of gold is theirs.
Dont you love the way they spin it?
Bob Ell's little project on the flood plain is "Ajacent" to Bankstown airport,not part of it. No mention that they ripped up a runway, moved the radio aid, and paid the museum to be move to Camden to make that space, chomping almost a third out of the airport. Wonder what the poor old Museum folk will do when Camden airport becomes HOT property? move to Goulburn?
I guess the long suffering aviation tenants can look forward to another round of skyrocketing rent increases and electricity charges as Altis follow the tried and proven technique of pricing aviation off the airport to free it up for "development".
The Murky Mandarin no doubt pulling strings in the background in aid of the process.