Search found 1118 matches

by how good is he
Wed Apr 22, 2020 3:06 pm
Forum: CBD Development
Topic: [U/C] Festival Plaza Redevelopment | $800 million
Replies: 1025
Views: 252628

[U/C] Re: Festival Plaza Redevelopment | $800 million

I think at the very least it should have gone out to [international] tender. I think now there are probity rules that require this after Gillman. I mean the Govt and/or developers will say its commercially sensitive information so can't be released blah blah blah. The Govt could also say, "would you...
by how good is he
Wed Apr 22, 2020 2:47 pm
Forum: CBD Development
Topic: [U/C] Festival Plaza Redevelopment | $800 million
Replies: 1025
Views: 252628

[U/C] Re: Festival Plaza Redevelopment | $800 million

SRW, the commercial reality is a leasehold property is worth significantly less than a freehold property and so the security is worth far less. It also depends of the terms of the agreement but the lease could be null and void and revert to the landlord [the Govt] if the tenant ever went broke so th...
by how good is he
Wed Apr 22, 2020 12:28 pm
Forum: CBD Development
Topic: [U/C] Festival Plaza Redevelopment | $800 million
Replies: 1025
Views: 252628

[U/C] Re: Festival Plaza Redevelopment | $800 million

SRW, lets say Walker went broke etc and the banks lent millions/billions of dollars against it they would have nothing to take and would loose. I would say the banks/financiers would have wanted security against enough other assets with enough equity to cover this deal ie. if the banks say lent Walk...
by how good is he
Wed Apr 22, 2020 11:06 am
Forum: CBD Development
Topic: [U/C] Festival Plaza Redevelopment | $800 million
Replies: 1025
Views: 252628

[U/C] Re: Festival Plaza Redevelopment | $800 million

I am pretty sure all the land remains Govt land and is a leasehold situation. The rent may be $1 for 99 years but potentially anything built on it could revert back to the Govt/the taxpayers for free at the end of what is essentially a land lease. The other point is that banks/financiers won't easil...
by how good is he
Wed Apr 22, 2020 10:54 am
Forum: Infrastructure/Transport Development
Topic: News & Discussion: Regional Transport
Replies: 664
Views: 149210

Re: News & Discussion: Regional Transport

I don't know the road or the area well enough but is there any reason why this big new roundabout and a rail corridor couldn't still work?
by how good is he
Wed Apr 22, 2020 10:48 am
Forum: CBD Development
Topic: [U/C] Festival Plaza Redevelopment | $800 million
Replies: 1025
Views: 252628

[U/C] Re: Festival Plaza Redevelopment | $800 million

I guess the proof will be in the pudding on how it all turns out. Just looking at the renders it looks like a hotch-potch of ideas/buildings highlighting the multiple stakeholders all in close vicinity and each with their own agenda. Something really needs to be done on the Intercontinental building...
by how good is he
Tue Apr 21, 2020 12:14 pm
Forum: Infrastructure/Transport Development
Topic: News & Discussion: Adelaide Airport & Airlines
Replies: 2758
Views: 628461

Re: News & Discussion: Adelaide Airport & Airlines

I once read speculation of Ryan Air coming here... but not sure how they are travelling. Is there any other airline/s that are strong enough/not as affected that could look at coming to Australia? Btw, do you think that Virgin refunds, pre-paid tickets & velocity/frequent flyer points will all be lo...
by how good is he
Tue Apr 21, 2020 10:14 am
Forum: Infrastructure/Transport Development
Topic: News & Discussion: Adelaide Airport & Airlines
Replies: 2758
Views: 628461

Re: News & Discussion: Adelaide Airport & Airlines

I did a quick search and his Necker Island [in the Caribbean] is worth approx $60m so the banks may lend $30m against it.... so just a touch short of the
$5 BILLION the airline owes.
by how good is he
Sat Apr 18, 2020 4:23 pm
Forum: The Pub
Topic: Beer Garden
Replies: 3217
Views: 487999

Re: Beer Garden

China already own 40% of Virgin Australia and if you include Singapore (Airlines) it’s 60% then add Etihad it’s 81% then add Branson/Virgin UK it’s 91% .. so its majority overseas owned as it is. See https://www.forbes.com/sites/willhorton1/2020/04/14/who-owns-virgin-australia-can-its-shareholders-p...
by how good is he
Thu Apr 16, 2020 6:33 pm
Forum: CBD Development
Topic: [U/C] Adelaide Oval Hotel
Replies: 628
Views: 89614

[U/C] Re: Adelaide Oval Hotel

You are still not getting it. I said there is “a potential AFL start date at the end of July.” ie its a possibility (which it is) and is correct. Btw you actually are agreeing with this. What you said though is “there WON’T be a season this year” which is IN-CORRECT as you dont know if there will or...
by how good is he
Thu Apr 16, 2020 12:50 pm
Forum: CBD Development
Topic: [U/C] Adelaide Oval Hotel
Replies: 628
Views: 89614

[U/C] Re: Adelaide Oval Hotel

I don’t want to drag it on but aceman do you understand it is you making a statement of fact, “there won’t be a season this year” when in fact it is not a fact but only your opinion?
by how good is he
Wed Apr 15, 2020 9:56 pm
Forum: CBD Development
Topic: [U/C] Adelaide Oval Hotel
Replies: 628
Views: 89614

[U/C] Re: Adelaide Oval Hotel

Ok aceman so you are saying its (already) a fact and not merely your opinion?
Can you elaborate who has made this decision (is it a Federal Govt/Health Dept decision)?
So even with no crowds there will be no AFL games/season?
by how good is he
Tue Apr 14, 2020 10:37 pm
Forum: CBD Development
Topic: [U/C] Adelaide Oval Hotel
Replies: 628
Views: 89614

[U/C] Re: Adelaide Oval Hotel

So after all these years aceman we find out you are really ....Gillon McLachlan?
by how good is he
Tue Apr 14, 2020 7:57 pm
Forum: CBD Development
Topic: [U/C] Adelaide Oval Hotel
Replies: 628
Views: 89614

[U/C] Re: Adelaide Oval Hotel

With AO a possible ground for the AFL quarantined hubs idea, could/would the teams playing here use this new hotel to accommodate them? I think the proposed completion date was June with a potential AFL start date at the end of July... if its running on time it could work.
by how good is he
Sat Apr 11, 2020 12:50 am
Forum: CBD Development
Topic: News & Discussion: Squares and Parklands
Replies: 624
Views: 150398

Re: News & Discussion: Squares and Parklands

I still think the ACC and/or the Govt will need to step up and either totally repair/modernise the centre or ideally build it new. I dont think just bulldozing and leaving nothing will be supported or a likely outcome, I hope.