The failure by the ACT to negotiate the resumption of a lease over an equestrian centre at West Belconnen has caused the rescheduling of housing development at a cost of at least $1 million, according to a valuer.
The Minister for Planning, Bill Wood, acknowledges the rescheduling, but says there was no additional cost.
The owner of Fassifern Equestrian Centre, Mike O’Brien, said yesterday that he had been negotiating for two years over the nine-hectare site.
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