Thursday, 12 April 2012

Badgerys Creek. Development site

A decision to abandon Badgerys Creek as the site of Sydney’s second airport could release for eventual development 1700 hectares of commonwealth-owned land, 490 hectares owned by Sydney University, 344 hectares owned by the Medich Corporation and 40 hectares owned by the Damjamovich family, The Australian Financial Review said. On today’s values, and with current Special Use zoning, the Joint Study on Aviation Capacity in the Sydney Region estimated its worth at $50 million to $180 million. With business zonings in place it would be worth much more, the paper said.



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