Labor will force the SCG Trust to repay $644 million loan for stadium upgrade

He is also not committing to offering the entire line of credit but would wait and see what other more “cost effective” options are presented.

“We don’t want to see it knocked down, but if the Liberal Party goes ahead then the cost of rebuilding it will be borne by the Trust and not the taxpayer.” Mr Daley said.

Labor leader Michael Daley insists the design of the stadium will be more modest and in keeping with the local environment if he’s elected.

Labor leader Michael Daley insists the design of the stadium will be more modest and in keeping with the local environment if he’s elected.Credit:Jeremy Piper

Sports Minister Stuart Ayres has consistently said that a loan, like Labor is proposing, is “almost impossible” for the Trust to service.

“This is a $19.5 million annual repayment from a body that has an average operating surplus of $1.5 million,” Mr Ayres said.

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“Labor will bankrupt the SCG or charge people 10 times the price for a day at the cricket or the footy.”

It comes as the Land and Environment Court placed an injunction on any “hard” demolition of the Sydney Football Stadium, until Justice Nicola Pain delivers her verdict on a legal challenge next Friday.

The government has maintained its commitment to demolish the stadium and upgrade it.

Источник: Theage.com.au

Источник: Corruptioner.life

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