Rezoning = private profit?! (Couple loses property fight after highway swallows $5.5 million dream)
Rezoning = private profit?! (Couple loses property fight after highway swallows $5.5 million dream)
Raymond and Wendy Dibb saw a chance to make money out of a small rural property. They were not planning on a $2.2 billion highway barrelling through their plans.
Tip of the iceberg when it comes to examining the corruption of land ownership in Australia. It's hardly talked about. The linked article doesn't even talk about it.
The public as a whole (and traditional owners) should be the only financial beneficiaries of rezoning.
I suspect private maximisation of rezoning profits is the reason behind why urban developments here are almost universally that awful single-story no-greenspace roof-to-roof packed suburban hellscape.
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A pair of would-be developers with links to an international gold mining company have lost their legal fight for $5.5 million in compensation after a rural acreage they were land-banking near Coffs Harbour was swallowed up by the Pacific Highway upgrade.
Couldn't have started in a worse way if you wanted my simpathy.
Land squatting and cock blocking public infrastructure for personal gain is pretty low on my sympathy list.