Council eyes land sales to boost funds
TWEED Shire Council has taken the first steps in the sale of valuable par- cels of public land which could reap a multi-million-dollar windfall. Heading the list are three blocks of prime real estate totalling 3633 square metres in Bay Street, Tweed Heads, two of them adjacent to the Queens- land border with potential ocean views. The other is a parcel of road reserve near Tweed Centro. One of the blocks, the former Bay Street Fire Station property, is still be- ing bought from the NSW Lands De- partment by the council for $425,000 af- ter the exchange of contracts late last month. It is believed the two lots at the top end of the street, for which the council is to seek "expressions of interest", could be attractive to developers seek- ing to build units with views across Coolangatta and the Jack Evans Boat Harbour. The sale of other blocks at Cabarita Beach/Bogangar and in the heart of Murwillumbah could provide further windfalls, plus a way of providing fu- ture car-parking facilities. However yesterday, acting general manager Patrick Knight was quick to stress the disposal of the council land staged over three years, was "not a fire sale" and followed expert advice.' The list of properties also includes one of two parcels of land held by the council in Hastings Road in the Cabar- --------------- --------------- ita Beach/Bogangar CBD. Mr Knight said the sale of the north- ernmost lot covering 2160 square metres could eventually fund a multi- storey car park on the second lot furth- er south. Also on the list is land between Proudfoots Lane and Wollumbin Street in downtown Murwillumbah currently used as a car park next to a popular gymnasium and a council- owned house. But administrator Max Boyd said on- ly "air rights" would be sold on the 2292-square-metre site. While development could take place, the ground level would be retained for car parking. Lastly, the council is seeking interest in a car park next to the Sunnyside Mall shopping centre.% gain it is likely conditions on the sale will insist on continued use of the ground level for car parking.