.

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.

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

More News

I wanted to be a Greater Dandenong Councillor representative for the Alliance for Gambling Reform because it is an issue ...

 Will Green is transforming a Bangholme block into a thriving farm. The 32-year-old former chef worked in city kitchens ...

 Work to beautify the open space beneath Noble Park’s sky rail has started, but who’ll ...

Churches from across Springvale will come together for the World Day of Prayer. On or near the first Friday in ...

 Little India traders say parking meters are costing them customers. But Greater Dandenong Council says the Foster Street paid ...

 A Dandenong girl helped to send off cyclists on a million-dollar ride for sick kids. Jazmin Makawe-Zaicz was born ...

Latest Sport

Buckley Ridges fell short in the Regional Big Bash final against Mt Clear last Tuesday morning, with the Bucks unable ...

It sure was a cracking, fiery start to the NPL Victoria season, with Dandenong Thunder taking it right up to ...

There is no doubting that the young talent within Dandenong is the envy of the competition. While the Panthers; dressed ...