The land at the centre of the $218 million redevelopment was valued by the state government at just $1,with the government initially planning to contribute $50 million in site works.
With so much cash flying around it is unsurprising most of the WA’s key advocacy groups left the budget lockup content,though there were a few niggling annoyances around borders and policy settings.
"Beneath the spin you'll find a well tuned set of numbers expertly machined to demolish whatever is left of the Liberal party's primary vote."
The budget papers predict the state will record a $1.2 billion surplus over the next year,$2.7 billion less than expected before COVID-19 hit.
Western Australia is awash with iron ore royalties,which have rescued Treasurer Ben Wyatt's pre-election budget surplus and put the state on what he claims is one of best economic footings in the world.
The 2020 federal budget,delayed by COVID and marred with deficit,couldn't be more different than the set of numbers Ben Wyatt is expected to deliver on Thursday.
The WA government will subsidise 50,000 flights for West Australians travelling to and from Perth and Broome,Kununurra and Exmouth.
Premier Mark McGowan says tax reform not the answer to economic recovery as Liza Harvey eyes stimulus spending for struggling small businesses and families.
Coronavirus measures alone have wiped out the planned surpluses of every state bar Western Australia,but it is also being hit by tumbling revenues.
Hundreds of millions are set to wash through the WA economy,with stimulus packages announced by the state and federal government.
The deadly coronavirus outbreak threatens to put a significant dent in Western Australia's finances amid a plunge in the iron ore market.