TIGERS Rozelle Development

@Russell said:
They won't have to pay rent seeing they sold the old site to the developer for $1.00.

Benny Elias is no longer involved - he escaped with the dough years ago.

They will call the new Leagues Club - Wests Tigers Leagues Club when Wests Ashfield does the same.

They sold the site, it's not theirs anymore.

The developer agreed to set aside space for the leagues club. That's it.

I've never seen anywhere either the club or the developer say they will occupy the space rent free.

Don't get me wrong, id love this to all happen more than anyone. I just don't trust Byrne or the council, and we have not yet heard from the club or the developer.

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A step in the right direction for this development. Still early days but the signs are good.

People saying they are dubious of what's been reported but I thought this decision has actually come from the council, no? Wonder if locals will be able to knock this proposal back, I doubt it now.

As for finding a developer, has anyone seen property prices of late? Recent rates drop indicate that they will be low for a couple of years, a sellers dream.
 
@TrueTiger said:
I hope it is still called the Balmain Leagues Club…why do you ask.??..because it is an icon of a bygone era,the other half of our JV,it's part of the Wests Tigers...
.

Last i heard it was going to be called 'Wests Tigers Balmain Leagues Club' or just 'Wests Tigers Balmain' but time will tell,lets just get it built first…Harry..!!!!
 
@Basil Tiger said:
@TrueTiger said:
I hope it is still called the Balmain Leagues Club…why do you ask.??..because it is an icon of a bygone era,the other half of our JV,it's part of the Wests Tigers...
.

Last i heard it was going to be called 'Wests Tigers Balmain Leagues Club' or just 'Wests Tigers Balmain' but time will tell,lets just get it built first…Harry..!!!!

Whatever it is called I hope it is part of the Wests Tigers future and helps contribute to the sucess of the WTs..
 
Leichhardt Council website-

Wednesday 13 May, 2015

Last night Leichhardt Council unanimously voted to support a development limited to 6 and 8 storeys on the former Balmain Leagues Club site, as long as the prospective developer intends to include new premises for the Leagues Club.

Mayor of Leichhardt Councillor Rochelle Porteous said that Councillors at last night’s Policy meeting of Council heard from independent consultants, who have investigated a range of models for the development of the site.

“The option adopted by Council is commercially viable, sensitive to the local context and a solution to traffic woes that have plagued previous development applications,” she said.

“We have signalled that any density of development beyond the current zoning on the site will need to include the Balmain Leagues Club as a tenant.”

“The independent consultants were instructed to achieve a commercially viable development that included the club, acknowledged and respected the local context and would not trigger the sort of traffic problems that led to previous applications being rejected by both the independent Joint Regional Planning Panel and the NSW State Planning Assessment Commission,” said Cr Porteous.

The option adopted by council includes:
• A leagues club at 2033 m2, noting that a further 1000 m2 is available for commercial uses such as a gym or childcare
• Retail area of 870 m2 with a wide range of uses that could include a small supermarket to service the needs of new and existing residents
• A residential component of 116 units
• On site car parking of up to 329 spaces

The retail area and car parking in particular has been designed so as not to trigger traffic problems in the surrounding streets and on the transport artery of Victoria Road.

These controls would allow this development to go ahead and will be supported by Council as long as the Balmain Leagues Club is included as a tenant by any prospective developers.

If not, Council will move to rezone the site to conform with the surrounding business district zoning of 1.5:1.

“Council will now begin consultation with the NSW Department of Planning, the owner of the site, the Balmain Leagues Club and the local community, before considering a formal planning proposal for the site,” said Cr Porteous.

“These plans will go through a comprehensive consultation with the community and require approval from both Council and the Department of Planning before they can be adopted,” said Cr Porteous.
 
I don't see anything about the Club being able to occupy the premises 'rent free'.

So where did Darcy pull this one out from?
 
@glebe_tiger said:
A step in the right direction for this development. Still early days but the signs are good.

People saying they are dubious of what's been reported but I thought this decision has actually come from the council, no? Wonder if locals will be able to knock this proposal back, I doubt it now.

As for finding a developer, has anyone seen property prices of late? Recent rates drop indicate that they will be low for a couple of years, a sellers dream.

All they seem to be doing is working around the new planning restrictions the greens were trying to bring in, with the rediculous 1:1 commercial FSR which would have made the site practically unsellable.

The council should not be congratulated by seemingly just moving the goalposts yet again!!

I can't see rozelle village sucking it up and doing a much smaller development with no doubt a smaller profit margin after a decade of losses. Or if they do do it, it may come out really poor quality if they use cheaper materials to recoup costs.

Hopefully however they will man up and sell, solidify their losses and move on for another developer to do this.
 
@Abraham said:
@Russell said:
They won't have to pay rent seeing they sold the old site to the developer for $1.00.

Benny Elias is no longer involved - he escaped with the dough years ago.

They will call the new Leagues Club - Wests Tigers Leagues Club when Wests Ashfield does the same.

They sold the site, it's not theirs anymore.

The developer agreed to set aside space for the leagues club. That's it.

I've never seen anywhere either the club or the developer say they will occupy the space rent free.

Don't get me wrong, id love this to all happen more than anyone. I just don't trust Byrne or the council, and we have not yet heard from the club or the developer.

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Reported extensively today that it will be rent free. (I assume for a period of time, but have not heard this)
 
@Kul said:
@abraham it was on facebook

\

@Goose said:
Reported extensively today that it will be rent free. (I assume for a period of time, but have not heard this)

Guys the only place I have seen this 'rent free' promise is on a politician's facebook page.

No explanation of who will be paying the Rent on the Tiger's behalf, no reports of the Developer (landlord) agreeing to anything, no comments by Council on the matter, and nothing mentioned by the club.

Darcy Byrne's facebook page is not the reputable source I was looking for.
 
Well they best hurry up as they have to pay back the NRL and show the NRL that they are a viable partner in the joint venture by March 2016

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@westy81 said:
Well they best hurry up as they have to pay back the NRL and show the NRL that they are a viable partner in the joint venture by March 2016

_Posted using RoarFEED 4.2.0_

There is no way the club will be built and trading anytime in the next year or so, even if the developers started work tomorrow.

However I think that by having the construction plans in place and approved, the club would be able to use this as equity to obtain necessary finance to pay back their loan to the NRL. This is only my thinking however, and it would be good to have someone from the club come out and say in plain English what the plan is.

I have emailed Dr Leslie Glen (Balmain Chairman), and he took the time out to personally respond to my queries about the development. However he was understandably prevented from going into much detail, and said while matters are in progress, they must remain confidential for the time being.

I have also emailed Darcy Byrne previously, but he seemed more interested in talking up the Labor party and bagging out the club and Benny Elias.

Frustrating and sad all at the same time.
 
Links to the minutes on the discussion topic have been restricted on the Leichhardt website due to confidentiality reasons, between council and "another party"

I'm going to guess that the "other party" is Balmain/Wests Tigers and that Council will approach them with a proposal. Darcy may not be able to say any more that what he has already said.
 
@Abraham said:
@Kul said:
@abraham it was on facebook

\

@Goose said:
Reported extensively today that it will be rent free. (I assume for a period of time, but have not heard this)

Guys the only place I have seen this 'rent free' promise is on a politician's facebook page.

No explanation of who will be paying the Rent on the Tiger's behalf, no reports of the Developer (landlord) agreeing to anything, no comments by Council on the matter, and nothing mentioned by the club.

Darcy Byrne's facebook page is not the reputable source I was looking for.

I have no idea of the accuracy, but a few reports on the radio I heard this morning mentioned rent free and I read another report which mentioned it, but sadly cant remember where. No further details were provided as to who was copping the rent and alike. they could all be quoting the same original incorrect source
 
Just got this email from the club - seems Byrne has significantly jumped the gun here, although we should expect that.

Won't be a DA at the level the Council agreed to, but a DA will be submitted at what the current agreed size was. Don't think it's going to be over too soon.

This week Leichhardt Council announced that they had voted to support a development limited to 6 and 8 storeys on the former Balmain Leagues Club site, as long as the prospective developer intends to include new premises for the Leagues Club.
>
The option adopted by council includes: -
>
• A leagues club at 2033 m2, noting that a further 1000 m2 is available for commercial uses such as a gym or childcare
• Retail area of 870 m2 with a wide range of uses that could include a small supermarket to service the needs of new and existing residents
• A residential component of 116 units
• On site car parking of up to 329 spaces
>
Whilst there is no current application for Development (DA), the Developer, Mr Ian Wright has confirmed that a DA will be lodged with Council by the end of August 2015\. This DA will comply fully with the current approved floor-to-space ratio (FSR) of 3.9/1, any proposal by Council to deviate from this FSR 3.9/1 will result in a DA not being able to be lodged for at least 18 months. Balmain Tigers will be gone by then under these circumstances.
>
Mr Wright is keen to ensure the Club survives and is returned to Rozelle. All we are asking Council to do is to honour the current Master Plan FSR approved by Council and support the compliant plans which includes the Balmain Leagues Club. The option adopted by Council is substantially below the current approved FSR of 3.9/1 and that is of concern to the Club.
>
The Club has no control in this process and continues to rely on the successful negotiations between Mr Wright and Leichhardt Council, to ensure our survival.
>
The Leagues Club financially supports the Football Club which includes the Balmain District Junior Rugby League.
>
For all of the up-to-date and accurate information regarding the development and the club, read our Frequently Asked Questions (FAQs) here. If you have any questions or queries get in touch with us via email (<hello@tigers.org.au>), phone (8789 6300) or by our social media pages below.</hello@tigers.org.au>
 
116 units at say an average price of $900,000 = $104,400,000

Building expenses at $300,000 per unit = $34,800,000

Building expenses for commercial space = $4,000,000 - $6,000,00

Profits before tax and government/council expenses = $63,600,000

I would say that the proposed plan is very appealing to any developer.
 

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