Thursday, 12 July 2012

Ryde. 'Good economic sense'

Ryde City Council says the proposed Ryde Civic Precinct makes good economic sense for the city. It would provide much needed facilities for Ryde at a fraction of the cost of maintaining or refurbishing the existing council administration building, council said. The alternatives - do nothing or refurbish the existing building - would cost council more. Do nothing and the council would spend money until the building fails, council said. Refurbishment would cost council considerably more (estimated at this stage to be $39.2 million) than the proposed development with none of the community benefits. Council’s asset value would increase to $79 million and council would maintain ownership of its facilities and the land on which they are situated.



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