Sale of Akuna St falls through

An confidential extraordinary meeting of Council has rescinded a motion at its May Meeting, which made it possible for developer Nick Daoud to apply for a final extension of time to gain approval for his Akuna St/Mitre 10 development.

Without this extra time, it appears the developer will not have an approved development by the date needed for the sale of the Council-owned property to him to go through.

Our next issue will report on the ramifications of this decision, which was announced too late for this edition.



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