House of Assembly - Fifty-Third Parliament, First Session (53-1)
2014-08-05 Daily Xml

Contents

Gillman Land Sale

In reply to Ms CHAPMAN (Bragg—Deputy Leader of the Opposition) (4 June 2014).

The Hon. J.W. WEATHERILL (Cheltenham—Premier): I have been provided with the following advice:

The unsolicited proposal was a detailed proposal. It contained information as to:

the economic and strategic benefits to South Australia associated with the proposal;

the proposed purchase price and details of land to be acquired;

the basic details regarding the indicative structure of the transaction; and

confirmation that the proposal did not require any direct state government funding.

However, Renewal SA, as with any responsible government agency, and to ensure that the proposal represented good value for money for the state, initially evaluated Adelaide Capital Partners' proposal with a view to determining whether an even greater level of detail was required to reach a considered conclusion as to the merits of the proposal and to determine whether the proposal should be progressed.