Monday 17 December 2007

BizBriefs. Parramatta and Western Sydney

$1.6 million for legal fees
Parramatta City Council has allocated $1.6 million for potential legal costs should it lose its appeal in the Court of Appeals against the decision by the Land and Environment Court that it could not compulsory acquire several properties in Darcy Street, as part of the $1.4 billion Civic Place project. The appeal will be heard on May 1-2 next year.
Poker machine company's move
Poker machine company, Aristocrat, expects to relocate its head office, and 750 staff, from Lane Cove to North Ryde at the end of 2008. In the coming 12 months the company will trial technologies new to the industry, most notable server-based gaming, which works by connecting all terminals in a gaming operation to one central server enabling new games to be uploaded to individual machines, thus eliminating the need for players to switch terminals.
'Outstanding success'
"Sydney Olympic Park (SOP) has been an outstanding success, despite some initial scepticism about the precinct's viability after the Olympics. By 2025 it is anticipated SOP will support a daily population of over 20,000 workers," said Michael Issenberg, Accor Asia Pacific's MD, when announcing that the $50 million Pullman Sydney Olympic Park hotel was due to open in August 2008.

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