.

By Casey Neill

 A levy on development is deterring investment in central Dandenong, says Greater Dandenong Council.
At the Monday 12 February council meeting, Cr Jim Memeti successfully moved that the council write to the Premier and Leader of the Opposition.
The letter will re-affirm “the informed and previously advocated position of council” that the five per cent Infrastructure Recovery Charge (IRC) is “a significant barrier to private development in central Dandenong”.
It will say that urgent steps are needed to remove or amend the IRC “to realise benefits from recent public investment and to attract more private investment into the activity centre”.
Cr Memeti said the levy was deterring people who want to develop in central Dandenong.
“We are telling them that this levy needs to come off,” he said.
Cr Tim Dark said developers being “flogged five per cent” was “just unfair”.
“It is vital we can secure as much private investment as possible,” he said.
The IRC is part of the Revitalising Central Dandenong (RCD) project.
RCD was made possible through a $290 million investment from the State Government.
The IRC came into operation on 1 September 2006 to help the State Government to recoup this investment.
It’s to remain in place until 31 December 2026, or until the investment is recouped.
The IRC is based on five per cent of the building works, or the estimated site value of the land to be subdivided, or a combination of building works and the estimated site value.

Comments are closed.

Your first stop before buying a home. View the whole picture.

More News

 The music behind everyone’s favourite heroes and villains will get audiences singing along in Springvale. Heroes versus ...

New arrivals are creating a lasting legacy while brushing up on their English skills. Our Stories is a new Greater ...

 Keysborough’s animal shelter needs homes for more than 100 animals. The Australian Animal Protection Society (AAPS) is leaving ...

The Think Tank: Prosthetic Limb Workshop Kids aged 7 to 11 years and a parent or carer will discover an innovative way ...

 Dandenong retirees raised $1200 for cancer research through a morning tea. Valley Village Mews Retirement Village residents chipped in $180.05 by ...

Award-winning social enterprise Waverley Industries has expanded into Greater Dandenong and is promising to boost job opportunities. It’s employing ...

Latest Sport

The Dandenong Stingrays have again showcased their class and depth in a first versus second showdown against the Murray Bushrangers ...

The Dandenong Cricket Club have announced the appointment of Andrew Christie as Women’s head coach for the 2018/19 season. Andrew ...

There’s no doubt that Keysborough is firmly focused on season 2018 – their unbeaten start is a testament to ...