Yes, it
was supposed to be Warnervale.
As to what happened - the same Council that managed to set a record-breaking
half billion dollar deficit decided to go back on their word to redevelop Warnervale.
Administrator, Dick Persson, has confirmed that the cost to Central Coast Council to break its Warnervale airport agreement with Amphibian Aerospace Industries (AAI) was less than $1.5M.
Persson had asked Chief Financial Officer, Natalia Cowley, to ask the company if Council could make public the cost which had been commercial-in-confidence. The company was okay with the disclosure as long as it was pointed out that the payment merely covered its costs and was not a profit payment.
Council breached its contract with AAI, which is why it paid to allow AAI to recover its costs. Amphibian Aerospace Industries announced in October 2016 that it would move its headquarters to Central Coast Airport at Warnervale. It signed an agreement with the then Wyong Council, witnessed by the then NSW Premier, Mike Baird.
The airport was going to be developed into a general aviation hub and regular passenger transport airport.
Under the terms of the AAI lease, Council agreed to relocate Jack Grant Ave and associated services to include a 5.2ha site into the aviation hub landholding. More than a dozen other organisations showed interest in moving their businesses to the general aviation hub.
Then, in October 2017, the newly elected Council decided to not proceed with the airport plans to expand.....
Source