I am advised:
Funding of the rejuvenation of the Cardiff CBD is being provided under the
Hunter Infrastructure and Investment Fund.
An offer of $500,000 was made to Lake Macquarie City Council in January 2012
to allow construction to commence in 201112.
Lake Macquarie City Council advised that construction would not commence
until a Cardiff CBD streetscape master plan was developed. After community
consultation of the master plan last year, Lake Macquarie City Council has in
March 2012 adopted the scheme for work and is now commencing the detailed
design.
Funding of the $2.5 million will be provided progressively to Lake
Macquarie City Council as work proceeds.
|