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WEDNESDAY, DECEMBER 9, 1987
LDC TO BE GIVEN FLEXIBILITY
IN CARRYING OUT REDEVELOPMENT SCHEMES * * * * *
THE REQUIREMENT FOR PUBLICATION OF
PROPOSED LAND DEVELOPMENT AS SEPARATE PLANS UNDER THE TOWN COMPREHENSIVE REDEVELOPMENT
CORPORATION DEVELOPMENT SCHEMES PLANNING ORDINANCE IS INTENDED FOR MAJOR SCHEMES INVOLVING CHANGES IN EXISTING ZONINGS ON STATUTORY TOWN PLANS.
SAID
THE SECRETARY FOR LANDS AND WORKS, THE HON GRAHAM BARNES,
(WEDNESDAY} WHILE WINDING UP. THIS IN THE LEGISLATIVE COUNCIL TODAY THE DEBATE ON THE LAND DEVELOPMENT CORPORATION BILL 1987.
HE ADDED THAT MOST SCHEMES UNDERTAKEN BY THE CORPORATION BE OF THIS TYPE.
THE
WOULD
TO
SMALL SCHEMES WHICH ACCORD "HOWEVER, LDC MAY ALSO UNDERTAKE
CASES, SUCH
THE REQUIREMENT WITH THE ZONINGS ON TOWN PLANS. IN
AS A SEPARATE PLAN UNDER PUBLISH THE SCHEME
TOWN PLANNING DISADVANTAGE AS ORDINANCE IS UNNECESSARY, AND WOULD PUT THE LDC AT A COMPARED WITH OTHER DEVELOPERS.
JOINT POTENTIAL
"THIS MIGHT WELL DETER THEREFORE SUPPORT THE PROPOSAL TO AMEND CLAUSE 17 BARNES SAID.
VENTURE PARTNERS. I OF THE BILL, MR
**
MR BARNES
REFERRING TO THE DESIGNATION OF URBAN RENEWAL AREAS, SAID: "THE ADMINISTRATION ACCEPTS THAT THERE MAY BE SOME SUBSTANCE IN THE CRITICISM OF THE LIKELY EFFECT OF THE DESIGNATION AND OF URAS."
THERE
PUBLICATION
A REMAINS
NEED ΤΟ
THE RESTRICT AREAS WHERE REDEVELOPMENT IS OF URA'S IS NOT
"IN ANY CASE, WHILE ACTIVITIES OF THE LDC TO THE SPECIFIC MOST NECESSARY, FORMAL DESIGNATION AND PUBLICATION NECESSARY TO ACHIEVE THIS AIM.
"THE PURPOSE CAN EQUALLY CLAUSE 5 OF THE BILL WHICH RESTRICT AREAS DESIGNATED EITHER GENERALLY BARNES SAID.
BE
THROUGH ACHIEVED THE ACTIVITIES OF THE OR IN ANY PARTICULAR
PROVISIONS
LDC CASE,
IN
ΤΟ
++
MR
LDC SCHEMES, MR BARNES SAID: "THE FLEXIBILITY OF OFFERING
AND
NEGOTIATING
INVOLVING
ARRANGEMENTS COMPENSATION TURNING TO REHOUSING AND
CORPORATION SHOULD BE GIVEN THE TENANTS AND
OPTIONS WITH
PROPERTY OWNERS.
**WHILE IT
MAY
WELL
BE
DESIRABLE AND
POSSIBLE
TO
REHOUSE MAY NOT PERSONS IN OR NEAR THE SAME LOCALITY OF THE DEVELOPMENT THIS
A MATTER FOR ALWAYS BE FEASIBLE. THE TERMS OF COMPENSATION ARE ALSO
THE NEGOTIATION BETWEEN THE CORPORATION AND OWNERS AND TENANTS, AS IS CASE WITH ANY PRIVATE DEVELOPER.
SEE
DURING NEGOTIATIONS "IN PRACTICE, THOUGH, I WOULD EXPECT THAT
BOTH, THE LDC WOULD OFFER ACCOMMODATION, OR CASH, OR A COMBINATION OF
THOUGH I WOULD NOT CIRCUMSTANCES.
THE DEPENDING ON THE
THERE IS CORPORATION OFFERING EQUITY PARTICIPATION IN THE SHORT TERM,
CIRCUMSTANCES ARE FAVOURABLE, NOTHING TO PREVENT IT DOING SO IF THE AND THE INITIATIVE AS TO WHAT IS OFFERED MUST REMAIN A MATTER FOR CORPORATION, MR BARNES SAID.
THE
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