While Ryde Council says it is in a “precarious” financial position,opponents say it has “cooked up some fantasy” to make a sale of the Ryde Central site happen.
It seemed simple enough:build mass housing between two Metro stations in a suburban business district full of good jobs.
The opposition says the government is “turning its back on the Silicon Valley of Sydney”.
Ryde Council faces cutting services and selling off properties to meet a construction funding shortfall for its problem-plagued new civic centre.
Ryde’s CEO wrote to a parliamentary committee outlining the allegations against the NSW Audit Office,which was called in to oversee the council’s financial situation.
More than one in four sellers in some unit-heavy neighbourhoods are losing money,but there could be some improvement ahead.
Adrian Fonseca was not the only neighbour hoping to buy the three-storey Bellevue Hill home when it went to auction on Saturday.
Jerome Laxale explained to new citizens why he was voting Yes,despite receiving advice from Ryde Council not to politicise citizenship ceremonies.
The council is reviewing plans for a new $110 million civic and community hub after developer contributions collected by the council were allegedly misspent.
The couple outbid three other downsizers for the four-bedroom sub-penthouse which last sold for $1.9 million.
Liberal candidate Jordan Lane won by a narrow margin against Labor’s Lyndal Howison in the north-west Sydney seat.