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Newcastle Herald
Newcastle Herald
National
Madeline Link

Developer promises council $22.6m if major housing estate goes ahead

The proposed layout of Stage 5 of the development in Lake Macquarie.

NEWCASTLE councillors are angling for joint ownership of any future public amenities promised to Lake Macquarie council if Stage 5 of a major housing estate at Cameron Park goes ahead.

Developer Winten (No 21) Pty Ltd put forward a Voluntary Planning Agreement (VPA) pledging to hand over more than $22.6 million to Lake Macquarie council for new parks and playgrounds, sports fields and a shared pathway if the project is approved - almost half of which will be left to the council to decide how to spend.

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