More than 3000 homes will be built in Canberra's north after the ACT reached a deal to buy a tract of the CSIRO's former research station for $385 million, concluding more than a decade of on-and-off talks about the land's future.
The national science agency will invest the proceeds from the sale of 243 hectares into priority research infrastructure, while the ACT government will start planning and consultation on a new suburb between the Belconnen and Gungahlin districts.
