Property standoff: No end in sight to Woden’s zombie apocalypse

There has to be a solution to the derelict Alexander and Albemarle buildings in Woden.

If Doma considers the ACT Government’s taxes and charges (the Lease  Variation Charge – LVC) makes the  site financially unviable to demolish  and redevelop, then why not stage the project.

Stage 1 – demolish the buildings. If Doma Group does not have the cash  flow then the ACT Government could loan them the required funds, which could be paid back when the land is developed.

Stage 2 – development to be undertaken in the future when financially viable. At this point the loan could be returned and the LVC determined and paid

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