A TALE OF TWO TODS

A report  on the agenda of Charles Sturt Council’s  Finance, Policy and  Delegations Committee meeting tonight estimates that the  costs of the ground breaking new development in Bowden   on  the council budget would amount to  approximately $800,000 .

The report proposes that these costs ought to be “ring fenced” from the town as a whole, either by way of a ‘differential rate’ or a sinking fund financed by the developers.

Co-incidentally, the Minister is due to release the  Bowden Village Development Plan Amendment on the Tuesday following the Council’s meeting.

The Council report admits that previous major developments, such as the St Clair  TOD, have not been  ‘ring fenced’ in this way by council.

By C D