Re: Sydney Trams

[mcfergus@my-dejanews.com]

In article <7h5hri$ova$1@metro.ucc.usyd.edu.au>,
  matthew@mail.usyd.edu.au (Matthew Geier) wrote:
>
>  The orginal surveys for the EIS and informal 'polling' by the
publishers
> of 'Network' appear to claim retailer support.
>  But the 'big end' of town (Up market retail, land holders) didn't
like the
> idea. They have since spent a lot of time working over all the small
> retailers in the area.
>
>  I suspect the problem is that the tramway would probably trigger a
> revitalization of the southern end of Pitt and Castlereigh Sts, now if
> more length of these streets becomes attractive for retailers, the
scope
> for earnings increase in the mall decreases, as the retailers find
other
> cheaper space more attractive.
>  There is a large amount of money tied up in the arcades off the mall,
> and the last thing the owners will want is Pitt St turning into a
classic
> 'strip shopping' centre down towards Central station.
>
>

And surprise surpise! The same mob (Property Council of Australia) are
at it again in Brisbane.


Rob

Sydney (Australia)


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