Apparently General Manager Robert Dobrzynski is out and about selling ‘The C H Smith Deal’ as something that is financially viable. Well maybe?!
It also appears that he and Ald. Soward are doing so on the strength of the argument that “parking revenue” will fund the loan repayment ($9million) in the timeframe. So, let's unpick such a proposition a little.
It also appears that he and Ald. Soward are doing so on the strength of the argument that “parking revenue” will fund the loan repayment ($9million) in the timeframe. So, let's unpick such a proposition a little.
This is a worrying argument in so much as it does not seem to be backed up by any realistic economic modelling that includes all the elements. Tasmania has been there before, and on the Tamar even, and look where that went and what it didn’t deliver as promised.
The lack of such modelling might well have been the reason that Council needed move into closed council to confirm the (their?) decision to proceed with the deal Treasurer Gutwein had offered the Council. Doing this avoided the prospect of inadvertently disclosing the weaknesses etc. in open council.
Anyway, proceed with what? On the evidence the deal has many of the hallmarks of a political stitchup negotiated in hush tones in a darkened room somewhere. Treasurer Gutwein, the General Manager and quite possibly the Mayor it seems have been doing the stitching. Or put another way, making a deal with all the characteristics of something that’s been scratched out on the back of an envelope in a car park – but there you go that's politics for you.
Given that Launceston Council has two elected chartered accountants at the table and the advantage of the expert advice of the General Manager and his staff you would think that somebody might have been able to cast a critical eye over ‘the numbers’. If they had, and it all looked good for everyone, then we would all know about it and in spectacular detail no doubt.
Alarmingly, it seems otherwise. The naysayers, as you would expect, say the “numbers just do not stack up” but what is most concerning is when there are yeasayers out there echoing their doubts almost in unison – and seen to be biting their bottom lip at the same time.
Robert Dobrzynski clearly has a great deal invested in ‘the deal’. It’s quite apparent that he has been in the driving seat for quite some time and that the ‘elected representatives’ have been hanging about chatting amongst themselves in the antechamber waiting to be invited in. Once in, apparently they’re required to be polite – and thankful too perhaps.
Perhaps we’ll all see some credible numbers ‘going forward’ if anyone is bothering to do them. However, if one joins the visible dots it is clear that it is highly unlikely that the parking revenue will service the debt, highly unlikely indeed!
Likewise, Ald Soward’s is reported as making the somewhat extravagant assertion that the parking revenue will “fill council coffers”. Clearly this is ill informed, or misinformed rhetoric, and offered up for the purposes of colour and light before the “elected 12” retired to give their tick of approval in camera – and before too much more was said.
Likewise, Ald Soward’s is reported as making the somewhat extravagant assertion that the parking revenue will “fill council coffers”. Clearly this is ill informed, or misinformed rhetoric, and offered up for the purposes of colour and light before the “elected 12” retired to give their tick of approval in camera – and before too much more was said.
I’m taking bets that the the debt will be repaid in the age old reliable way. For those who forget what it is, the name for it “conscripted investment” or put another way, via rate demands to 30,000 ratepayers.
Most people can do those numbers. So, my answer to the ‘wag’ who suggested that all this was “just a shell game“ is that he is probably right but there is still time to reveal the pea under the shell if there is actually one there. Otherwise, it is pay-up and shut-up you've lost – and the game goes on.
To be sure, and let there be no doubt whatsoever, this C H Smith Development Project that’s being promoted here is very very welcome.
Why? Mostly because this machination of 'the development' is the sort of thing that’s been promised for far too long and that has not been delivered. The cityscape will be enhanced and there’ll be arguments about the details as there should be. Moreover, once, and if, the ‘bureaucratic-blowins-from-elsewhere’ and the ‘compliant-rent-seekers’ are sidelined, outed and edited out of the picture, as they need to be, a positive outcome might well be worked towards – and more importantly delivered.
It's time to move forward with everyone's cards on the table, then all the player who are doing what, with whom and why can bee seen. Most of all, everyone will be crystal clear about who is paying what for what.
Ray Norman
Australian Blowin of 30 years standing
Why? Mostly because this machination of 'the development' is the sort of thing that’s been promised for far too long and that has not been delivered. The cityscape will be enhanced and there’ll be arguments about the details as there should be. Moreover, once, and if, the ‘bureaucratic-blowins-from-elsewhere’ and the ‘compliant-rent-seekers’ are sidelined, outed and edited out of the picture, as they need to be, a positive outcome might well be worked towards – and more importantly delivered.
It's time to move forward with everyone's cards on the table, then all the player who are doing what, with whom and why can bee seen. Most of all, everyone will be crystal clear about who is paying what for what.
Ray Norman
Australian Blowin of 30 years standing