Massive redevelopment plans for Frankston Yacht Club and foreshore have been given the nod.
Council voted to back the plan for a new three-storey building including a 164-seat restaurant, 104-seat cafe, function centre and community room. Greater Frankston Business Chamber has praised the redevelopment, saying it will be a great public asset and enhance the foreshore.
But environmentalists argue it lacks car spaces and has too much emphasis on commercial space. They also say the council has rushed the project. A report to Frankston Council stated the redeveloped yacht club needed 150 car spaces under the planning scheme, but only 84 will be provided — a shortfall of 66 spaces.
Planning consultant Marco Negri said not as much parking was required on site because patrons would be able to park nearby in the Frankston CBD. The council is seeking tenders of up to $7.5 million for the project.
Source: Herald Sun – Leader
By Nerida Conisbee · Chief Economist The Reserve Bank raised rates again following another inflation result above target. Inflation has remained elevated even as the economy has slowed, and the Bank has judged that prices are the greater risk. The Reserve Bank has increased interest rates again following another disappointing inflation result. Headline inflation reached 4.3 per … […]
By Nerida Conisbee · Chief Economist For most of the past year, cheaper homes were outperforming expensive ones across every capital city. The Budget landed in May. By September, the relationship between the two had completely reversed. For much of the past year, Australia’s more affordable properties have been outperforming the expensive end of the market. That … […]