Solution in sight for Cobaki Lakes
By ED SOUTHORN
MAJOR traffic flows for the planned $1.5 billion Cobaki Lakes new town with a population of more than 10,000 are close to being sorted out.
Tweed Shire is hopeful funding for the vital Boyd Street interchange component of the Tugun bypass ? required before Cobaki Lakes gets the final 'green light' ? can be resolved within the next few months.
Shire acting general manager Mike Rayner said Tugun residents needed to understand that without the Boyd Street interchange, up to 30,000 vehicles a day would be funnelled through Tugun going to and from the Tweed.
Mr Rayner said Tweed Shire officials had a "very positive relationship" with the Queensland Main Roads Department and negotiations on funding for the interchange, part of the planned Boyd Street overpass, were proceeding well.
He said that Tweed Shire acknowledged "we should make some contributions" to the cost of the interchange, even though it was in Queensland and the negotiations involving both NSW and Queensland authorities were complex.
"We are still negotiating with all the parties," Mr Rayner said.
"Queensland Main Roads has guaranteed the Tweed community will not be denied access to Boyd Street before, during and after the bypass construction," he said.
Mr Rayner said Tweed Shire expected to fund its contribution to the interchange from developer contributions.
Leda Holdings spokesman Reg van Rij earlier this month said he hoped the Boyd Street interchange issue could be sorted out in time to allow site works at Cobaki Lakes to begin before the end of the year.
If so, the first houses at Cobaki Lakes could go on the market in late 2008, he said.
A planned Cobaki Parkway local road would ultimately connect with Bilambil Heights, easing Kennedy Drive congestion and assisting viability of the Terranora golf course planned redevelopment in the longer term, Mr van Rij said.