Iamback
Referee
- Messages
- 20,282
My best friend who is in real estate in Penrith was discussing this subject today after golf. According to him a large developer has offered approximately a $100 million to buy the pace way site but it is only viable for them if they can build a certain amount of residential apartments and commercial premises. The issue, which is well known is traffic flow around the precinct, primary Station Street, which would have to be re-zoned and be two or three lanes in one direction. Don’t know which direction. The suggestion it be bought by Panthers and or State Government remains an unconfirmed rumour of an amount significantly less. $60 million was the figure suggested in the media. I think the most likely outcome is we will be relocating to Comm bank Stadium for two seasons and the new stadium will be built on the existing stadium site. Either way a decision will have to be finalised soon in order for the new stadium to be built and completed by season 2025.
That is it. They are meant to start building in a few months...To not even know the site is poor planning but that is the government for you