Perhaps buying back the Premier with taxpayers' money was a double whammy for Labour? We could do a favour to a 'friend' by paying him 4.2 million (including, to add insult to injury, a personal commission!), and with the prime site back in government's hands, we will now be able to give it away to another 'friend'...
Great plan. Only trouble is that the people PAY, PAY, and keep on PAYING!
Kevin - 9 years ago
I think Dennis is correct. With Anglu Xuereb's offer on the table, the government was given first right of refusal, guaranteeing that govt department debts are settled directly. This also leaves the country use of the site again, or allows it to resell the 65 lease to a private entity of the state's choosing, not Cities Entertainment's.
Ozzy Biza - 9 years ago
I think that it was a good idea to settle out-of-court but the process could have been handled better. I am certain that the government could have knocked off a million off the price if it bargained well. Also I think that there was no role for middlemen, as if the government did not know whom it was dealing with.
Alfred - 9 years ago
Mr Dennis Axisa is Correct.
Dennis Axisa - 9 years ago
I think the questions are wrong because the lessor could have sold the remaining lease to third parties even with the court case standing.
Perhaps buying back the Premier with taxpayers' money was a double whammy for Labour? We could do a favour to a 'friend' by paying him 4.2 million (including, to add insult to injury, a personal commission!), and with the prime site back in government's hands, we will now be able to give it away to another 'friend'...
Great plan. Only trouble is that the people PAY, PAY, and keep on PAYING!
I think Dennis is correct. With Anglu Xuereb's offer on the table, the government was given first right of refusal, guaranteeing that govt department debts are settled directly. This also leaves the country use of the site again, or allows it to resell the 65 lease to a private entity of the state's choosing, not Cities Entertainment's.
I think that it was a good idea to settle out-of-court but the process could have been handled better. I am certain that the government could have knocked off a million off the price if it bargained well. Also I think that there was no role for middlemen, as if the government did not know whom it was dealing with.
Mr Dennis Axisa is Correct.
I think the questions are wrong because the lessor could have sold the remaining lease to third parties even with the court case standing.