2
WEDNESDAY, MAY 4, 1994
PRIVATE SECTOR INVOLVEMENT VITAL TO URBAN RENEWAL PROGRESS
AND
GIVEN THE CONTINUING NEED FOR URBAN IMPROVEMENT ON SOCIAL ENVIRONMENTAL GROUNDS AND THE LIMITED CAPACITY OF THE LAND DEVELOPMENT CORPORATION (LDC), MAINTAINING THE VIABILITY OF REDEVELOPMENT AND PRIVATE SECTOR INVOLVEMENT IS VITAL TO PROGRESS.
SCHEMES
THIS WAS STATED BY THE SECRETARY FOR PLANNING, ENVIRONMENT LANDS,
MR TONY EASON, DURING A MOTION DEBATE ON URBAN RENEWAL IN LEGISLATIVE COUNCIL THIS (WEDNESDAY) AFTERNOON.
AND
THE
ΤΟ BE FOUND HOWEVER, MR EASON STRESSED THAT A BALANCE HAD
AND MINIMISING DISLOCATION OF BETWEEN
REDEVELOPMENT FACILITATING AFFECTED RESIDENTS.
"URBAN RENEWAL, ALTHOUGH CARRIED OUT FOR THE
HE SAID. SHOULD NOT PENALISE THOSE AFFECT,
PUBLIC BENEFIT,
H
BUDGET DEBATE MR EASON SAID REMARKS OF MEMBERS IN THE RECENT
USE OF AND ELSEWHERE HAD INDICATED SUPPORT IN PRINCIPLE FOR THE RESUMPTION POWER TO ASSIST WORTHY REDEVELOPMENT PROJECTS UNDER CERTAIN CONDITIONS.
SUCH
RULES то PROTECT THE "THIS
CARE AND CLEAR GREAT REQUIRES INTEREST OF OWNERS AND RESIDENTS AND GUIDE CONSIDERATION OF ANY PROPOSALS."
MR EASON SAID THE GUIDELINES WOULD PROBABLY INCLUDE:
* A MINIMUM PERCENTAGE OF THE AMOUNT OF PROPERTY WOULD HAVE TO ACQUIRE FIRST FOR EXAMPLE, 85 MORE OF THE INTEREST INVOLVED:
*
- -
A DEVELOPER
PER CENT OR
LESS THAN ALREADY OFFERED IN GOVERNMENT WOULD PAY UPON
COMPENSATION TO OWNERS NOT NEGOTIATION OR WHAT THE LDC OR RESUMPTION; AND
COST,
AND TO
THE SAME
A RELOCATION PACKAGE FOR TENANTS, AT THE DEVELOPERS'
CRITERIA ELIGIBILITY USING THE SAME STANDARDS AS THE LDC OR GOVERNMENT.
MR
FOR
WHICH
EASON SAID THE GOVERNMENT'S THINKING WAS THAT
HAVE то WAS REQUESTED WOULD RESUMPTION PLANNING GAINS AND DEMONSTRABLE COMMUNITY BENEFIT, INCLUDING PRODUCTION.
ANY PROJECT CLEAR ACHIEVE
HOUSING
SUGGESTION
IS
THAT THERE "I MUST REFUTE VERY FIRMLY THE
THE AIM IS TO DRAW UPON COLLUSION BETWEEN DEVELOPERS AND GOVERNMENT.
AS AVAILABLE RESOURCES USING THE DEVELOPERS RATHER THAN THE TAXPAYERS FAR AS POSSIBLE."
HE SAID THIS TYPE OF RESUMPTION WOULD CONTINUE TO REQUIRE APPROVAL OF THE GOVERNOR IN COUNCIL AS NOW,
THE
/MR EASON