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The Canberra Times
The Canberra Times
Lucy Bladen

ACT govt told lowering Parkes Way would help provide windfall

The ACT government was told lowering Parkes Way, pictured, could create up to 25 new urban development blocks in 2013. Picture by Elesa Kurtz

The ACT government was told nearly a decade ago lowering Parkes Way would create enough new land to cover the costs of the major project and the government would even receive an extra windfall from the sales.

The recently released report said moving Parkes Way could create 25 "new and redefined" urban blocks. It estimated about 150 dwellings a year could be sold over a five- to seven-year period.

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