Your Say: Friday, June 23, 2017

June 23 2017 - 6:00am
Your Say | Friday, June 23
Your Say | Friday, June 23

CH Smith project

WHILE attending our last council meeting (June 5), I was informed that the cost recovery period on the CH Smith project was five years, which at best is very optimistic. Repayment of $1.8 million per annum equates to around $35,000 a week. With an income of around $9000 a week, not allowing for any maintenance costs, and a presumption that all spaces that all spaces will be full all six days of the week at $5 a day, this generates a shortfall of around $25,000 every week. Another burden for the ratepayers to carry.

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