Freo's View

CAN FREMANTLE AFFORD ONE PLANET DEVELOPMENT?

Posted in city of fremantle, development, local government, property by freoview on February 27, 2017

The sale and development of the City of Fremantle Knutsford Street depot site is a bit of a conundrum for the City as ratepayers will rightly expect the best financial return for it, especially in light of the City’s very tight financial situation.

Council wants specific sustainability outcomes under the One Planet Living Framework, but experts indicate that might have a negative impact on the value of the property.

There are additional costs involved for developers and Landcorp, and they cite the WGV sustainable development and others as examples for that.

There are questions if the property market can bear the additional costs of OPLF development and still be competitive in a very tight residential market.

It is essential that Fremantle Council is totally transparent about this with the community as we can’t really afford to lose a few million dollars for ideological reasons.

Roel Loopers

3 Responses

Subscribe to comments with RSS.

  1. freoview said, on February 27, 2017 at 4:53 pm

    That is very good news indeed Brad!

    Roel

  2. Mayor of Fremantle Brad Pettitt's blog said, on February 27, 2017 at 3:56 pm

    Roel
    You will be pleased to know that the One Planet/sustainability requirements we have negotiated with Landcorp including it being WA’s (if Australia’s) first zero net carbon development are expected to be at ZERO cost to City of Freo and therefore ratepayers.
    cheers. Brad

  3. Paula Amaral said, on February 27, 2017 at 1:19 pm

    Sustainability should not be seen as an ideological reason, but the right thing to do NOW! When are we going to start implementing what is going to benefit future generations rather than continue on with the same, same.


Comments are closed.

%d bloggers like this: