Fremantle’s House of Cards

Further from Fremantle CEO Clanger, on the mind your own business, style comment from the CEO that was in the Gazette today, we see the COF PR team has released his whole statement to Roel’s Freoview, that was given to the Gazette. Which is probably good to see his whole letter and not just piece meal bits that were put to print.

Probably good,,,,,, Not, it was probably best they said nothing as I love the comparison between the State Government Perth freight link business plan and the COF councils Kings Sq Business plan I quote “To put this into context, try to obtain a copy of the business plan for any of the major state government projects like the Perth Freight Link – we can’t!”  

So from that pearler of a comparison, many think the freight link is not transparent for costs and has a lot of unanswered questions in regards to the benefits to investment ratio. Is the CEO drawing the same comparison to Kings SQ? This sounds like the state government is keeping the council in the dark- so the council is going to do the same thing to its rate payers and residents, leave us in the dark with no facts and no answers to months old simple questions.

With the councils refusal to answer questions on the issue for 7 months now and  the comments we see online, we have to ask, is the project built like a house of cards and if we remove one piece will it just crumble down? What do they have to fear by answering questions? The effort by council to keep the facts from the residents and rate payers is clear, the question is why?

As for a binding contract, didn’t they tell us that the Business Plan had certain trigger points or get out of contract points? If the development requirement/criteria are not met as per a predetermined time table, doesn’t this require it to go back to council to continue or extend the timetable. If so, this certainly wasn’t how it was portrayed by the CEO’s statements. Are we getting the whole picture unvetted or just being fed what they want us to hear?

The other interesting statement is this “I also make the comment that the NPV assessment was not the sole determinant for this project to proceed” So what were the other determinant points for the project, more importantly what $$$ value was assigned to them to justify or offset any $$ loss, cost or investment?

The questions just keeping mounting up.

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