LETTER: UTAS AND COUNCIL NEED TO LOOK TO CORPORATES FOR FUNDING

CLICK HERE TO GO TO THIS STORY

Mercedes Ruehl writes in The Financial Review Monday 18th. January 2016 Charter Hall has acquired the development rights for the new Western Sydney University at Parramatta from Leighton Properties. 

When finished next year it will have an end value of $220 million, be 100 per cent pre-leased to Western Sydney University for 15 years and home to more than 10,000 students. 

One must question why the federal, state governments and Launceston City Council are being required to part fund the Inveresk project for the Tasmanian University when they have the same objective of 10,000 students as Parramatta. 

Launceston ratepayers and Tasmanian electors should be asking their elected representatives why an approach has not been made to the Charter Hall Group? 

Surely when they approach the Commonwealth government, they will be questioned why they have not explored the issue of private capital funding, little wonder federal Treasurer Scott Morrison has concerns over the way state and municipal councils run begging to the federal ministers before testing what the market can offer. 

Brian P. Khan 

Bridport 7262