XN000022-1994-05-04 — Page 17

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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