Answers to Questions

WOODVILLE WEST URBAN RENEWAL PROJECT

In reply to the Hon. D.W. RIDGWAY (Leader of the Opposition) (1 May 2012).

The Hon. G.E. GAGO (Minister for Agriculture, Food and Fisheries, Minister for Forests, Minister for Regional Development, Minister for the Status of Women, Minister for State/Local Government Relations): The Minister for Housing and Urban Development has advised that the redevelopment project is not intended to make a cash profit. Revenue from sales for each stage will be reinvested in the next stage. At completion the South Australian Housing Trust will retain assets of a higher value than at project commencement.