Using tax money to kill jobs
CBRM Mayor John Morgan, facing serious opposition* for the first time in 12 years, is scrambling to justify his cash-strapped municipality's snap decision to spend $6 million in tax money to block a private sector development that promised immediate jobs. On just two days' notice last month, CBRM outbid a private sector developer to buy the Greenfield Site, a 400-acre parcel on Sydney's freshly dredged harbour. At the time, Morgan said the so-called mystery developer planned to use the site for a bulk terminal that would permanently preclude its use as a container pier, the Great Big Project Morgan continually upholds as...
05 June, 2012