In a confidential session last night, council gave the go-ahead to negotiate the purchase of a small parcel of freehold land and a larger parcel of leasehold land which form part of the significant vacant land corridor along the eastern-side of Young Street, between Wilson and Dean St.Mayor Kevin Mack says the proposed acquisition of the part of the land by Council would only be for a short term, with the intention to release it to market on a freehold basis for private sector development, along with the remainder of government-owned land in the corridor.“This is one of the most significant corridors of vacant land in the CBD and we’ve been keen for some time to facilitate its release to open-up opportunities for development, creating jobs and stimulating the local economy,” he said“At present it’s an eyesore but there is huge potential to create a positive impact and first impression of Albury by developing this land.
AlburyCity News
14 Aug 2018
Read more