I refer to the article in the Coast Community News of March 9 about affordable rental housing at The Entrance.
The Council has had to borrow large sums of money to pay the bills because it is so far into debt and we have a supposed “administrator”.
We have been told there are millions of dollars unaccounted for.
So I don’t understand how they can sell a property valued at $2.1M for $1?
This is beyond a joke.
What sort of accounting is this?
Who is responsible for this decision?
Whoever is responsible should be immediately asked to pay the difference to Council.
If they wanted to give the developer an incentive because they were building affordable rental housing, they could have sold the land for half the book value.
It makes me question why this has happened.
Can anyone apply to build affordable housing and get a plot of land for $1?
Email, Apr 5
Olga Segal, Toowoon Bay