Four years after the first announcement of its disastrous land deal – and 10 months since it collapsed – the State Government has finally reached terms for the sale of its ill-fated Gillman site – or at least 20 hectares of it.
South Australia loves a big, taxpayer-funded, get-rich-quick scheme, writes economics commentator Richard Blandy. He should know: he was once conscripted by the government to do the numbers on the mythical Multifunction Polis.
The State Government is still pondering five offers to develop its contentious industrial land at Gillman, five months after the closing date for expressions of interest.
The State Government has revealed it exempted a multi-million-dollar outback power deal from its “unsolicited bid” guidelines, which were introduced after the Gillman land debacle to restore transparency and certainty.