Friday 21 August 2009

Erskine Park. Govt 'will tax it to death'

None of the promised 18,500 jobs would be delivered if the NSW Government imposed a $180,000 infrastructure charge on each hectare of developable land in the rezoned 800 hectares near the M7/M4 intersection. The Property Council's NSW executive director, Ken Morrison said in the Penrith Star: “While it's good to see this land rezoned the Government will tax it to death.” CSR's group property manager Andrew Mackenzie said the $80 million M7 link would be a boost for local businesses but he feared the charges could discourage development. The rezoning was part of the M7 link road package which Penrith Council and local businesses warmly welcomed.

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