A two-tower residential development set to cast shadows over the City Botanic Gardens could have half its infrastructure charges covered by ratepayers, saving the project millions but already ruffling the feathers of several councillors.
Loading
Brisbane City Council’s housing plan was launched last year to boost supply, and was expected to offer 50 per cent discounts to housing developments in high-density building zones, or in urban centres and the inner city, until 2026.
Council opposition leader Jared Cassidy said the plan was susceptible to exploitation from “five-star hotels and luxurious retirement complexes that really didn’t need that extra profit,” and blamed an “LNP regime” for allowing discounts on such projects.
“There’s a development by Meriton – what will be a hugely profitable development – that would go ahead either way, whether they got developer discounts or not,” Cassidy said.
“The discount for infrastructure charges on that project will be in the millions of dollars – in the millions and millions of dollars.
“As we’ve seen over the last decade, the LNP regime is hell-bent on giving developers left right and centre discounts.”
