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Newcastle Herald

Business

Michael Parris

Iris warns of 'hoarded-up hole in the ground' after plans rejected

IRIS Iris Capital Sam Arnaout Newcastle the National Trust

Iris Capital chief executive Sam Arnaout in front of the EastEnd development site before work started on stage one. File picture

Iris Capital says a state planning panel's decision to reject its EastEnd development could leave Newcastle's city centre with "a hoarded-up hole in the ground for years to come".

The Hunter Central Coast Regional Planning Panel decided unanimously this week to knock back Iris's amended plans for stages three and four of the EastEnd project, despite Newcastle council support for the project.

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