It's my understanding that they are going to buy up a parcel of land in the south (Dandalup?) and 'swap' their freehold with the government for the freehold of the land at Jandakot.
Thats the plan
and they have already optioned the land down south, problem is they do not have a freehold at Jandakot just the balance of a 99 year (maybe another 89 years) lease and nobody at Jandakot nor any of the Shires down south are interested.
They don't seem to understand that they will have to compensate the Feds for the difference in the value of Jandakot as no longer an airport and the value of whatever they offer swap.
That by most estimates would be way over a billion dollars they would have to pay the Feds.
The other problem they have to overcome is that the Feds will have to have a public tender or something like it for the purchase of the Jandakot land as the Head lease does not give them pre-emptive rights on its purchase.
In the meantime they are conducting a public consultation process for the "relocation" which appears to a "requirement" for Federal Govt approval, problem is there is no such move by the Feds, it is an unsolicited proposal which looks like it is solicited.
Meantime whilst they are flogging the dead neddy, the tenants and businesses at Jandakot are suffering real financial distress and unable to plan the future of their businesses.
So tell me again about the benefits of privatising national infrastructure assets.
