SIRONA MISS DEADLINE

SIRONA CAPITAL MISS DEADLINE FOR $6.65m SPICER PAYMENT

CLAIMING “THERE  IS NO DEBT”

Sirona Capital, after gaining an additional six month extension from Fremantle Council to settle the $6.65m payment  for the Spicer Site did not settle on the amended due date, 30th September 2018. The Spicer site has been described as a part of the The King’s Square Plan  (KSP) a joint venture between Fremantle Council and Sirona Capital and is designed to revitalise the city’s centre. COUNCIL: “SETTLEMENT … NOT YET HAPPENED” On the 8th October Fremantle Backchat  were informed by the council’s administration that: “Settlement of the sale of the former Spicer site has not yet happened, however the agreement for the City of Fremantle to sell the property to Sirona (Capital) remains in place.” A City administration spokesperson continued in an email “… under these circumstance The City and Sirona will now be subject to this process which involves a 30 working day period for settlement to occur”. That takes the settlement day to Friday, 9th November. SIRONA: “THERE IS NO DEBT” A spokesperson for Sirona Capital said in an email to Fremantle Backchat:  “ I understand you have also approached the City of Fremantle on this topic and they have responded. However, I cannot allow your interpretation of the commercial arrangement between the City and Sirona to go uncorrected. We have entered into a contract for sale with deferred settlement terms. There is no debt.” This statement leads to some confusion. Sirona claim “There is no debt”, the City claim the debt has not been paid on the due date but a process, presumably to agree a settlement, is part of a contract. Fremantle Backchat have approached Sirona Capital to clarify the ‘no debt’ statement. There was no reply at the time this story was published. COUNCIL MINUTES DEFINED DATE The date for settlement was stated unequivocally in the Council’s minutes for the 11th April 2018 General Meeting: “COUNCIL DECISION ITEM FPOL1802-12 (Committee Recommendation) Moved: Mayor, Brad Pettitt  Seconded: Cr Dave Hume That Council authorise the Chief Executive Officer authority to approve extension of the settlement date for the former Spicer property for a period up to 30 September, 2018, and amend the Project Development Deed in accordance with this extension.” LACK OF TRANSPARENCY For some years questions have been raised regarding the lack of transparency surrounding the KSP. Financial analyst Martin Lee  together with Claudia Green, a former candidate for City Ward, exposed flaws which indicated the financial plans were not sustainable and that ratepayers could face a debt of up to $50m. In January this year Sirona Capital had a writ issued against it claiming the directors  had acted “fraudulently”,  “negligently” and made “misrepresentations” related to the conversion of a $5m loan into equity. The writ, issued by Cooper and Oxley’s administrators was seeking $5 million plus 15% interest on that sum since late 2011, about $1.2 million, plus unspecified damages. This occurred at the time $6,65m was to be paid to Fremantle Council for the Spicer Site. Sirona Capital instead requested a further postponement of 12 months. Council granted six months. The writ was claimed to have been “settled” by Sirona MD Matthew McNeilly though the administrators for Cooper and Oxley did not confirm that settlement when  Fremantle Backchat requested clarification. SIRONA CLAIMED: “BACKING OF $190m” These events occurred before Sirona announced they had secured financial backing for the King’s Square plan of $190m from superannuation fund managers FSS. The question is why, with this financial backing for the KSP, of which the Spicer site has been named a part, could the company not pay $6.65m on the due date? On 15th June 2018 Fremantle Backchat questioned Sirona Capital’s solvency. <https://wp.me/p3YA9m-zA> SIRONA DIVIDED & LOSE $100m On September 25th 2018 joint statements from Sirona Capital and Harvis outlined that the Sirona’s two managing directors had divided Sirona Capital. Kelvin Flynn left Sirona and formed Harvis taking $100m of assets and a number of Sirona’s principle executives, leaving Matthew McNeilly with Sirona Capital, less $100m in assets.   Roger Garwood Editor editorbackchat@gmail.com
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FREMANTLE COUNCIL NOT IN BED WITH AirBnB

PUNITIVE TAX WILL FURTHER DAMAGE FREMANTLE’S ECONOMY

The Fremantle Herald recently published a story related to AirBnB (7th July ’18) which suggested Fremantle Council may have been pressured by hotel industry lobbyists to levy a rates surcharge on small accommodation rentals.

That punitive tax, which  raises only $35,000, will inflict further damage to the city’s battered economy.  Another levy on small business will not help the city or its retailers out of their financial crises and it’s doubtful it will help the ailing hotel market.

Visitors who choose to stay in AirBnB establishments may do so because they prefer not to stay in hotels. The offering of comfortable home accommodation to visitors is not necessarily a great deal cheaper than a hotel. Some travellers, often couples or family groups, may have been attracted to visit the city for something other than another festival but simply to enjoy the sights, the variety of restaurants and cafes and also the remaining retailers. Any saving in relation to accommodation costs frees up expenditure for enjoyment in other city attractions.

Hoteliers have a vested interest in encouraging guests to patronise hotel facilities which frequently include restaurants, cafes, spas, bars and small retail outlets. Visitors’ money spent in a hotel’s  in-house attractions is detrimental to local businesses.

Retailers in Fremantle’s West End who  offer a variety of  particularly funky shops are already paying elevated rates, ostensibly to be used by council to promote their businesses. That differential rate levy , originally established to support the BID scheme, has been diverted to a hand picked Destination Marketing committee by the cash strapped council.

One AirBnB operator, Alison Roberts, told The Herald: “All Airbnb and Homeaway owners already use their websites to promote Fremantle as a destination, recommending local eateries, tourism operators, retail outlets and artists”.

TAX CONCERTS INSTEAD

It would have been expedient and a greater revenue raiser for council to levy music festivals and other large scale ‘visiting businesses’ such as Winter World. Minutes from a SW council indicate Sunset Events festivals in their region were levied $20 a ticket. That’s not done here presumably because it was never considered or, as the Mayor publicly demonstrated, one of the Sunset company directors, David Chitty is a ‘mate’ of his. Also a  Chitty family member placed considerable funds into the mayor’s election  campaign.

A $20 per ticket levy to a music festival which attracts 10,000 patrons would raise $200,000 for council. Even a smaller festival of  2,000 patrons would raise  $40,000, considerably more than the Council’s punitive impost on the AirBnB businesses.

Most companies who operate festivals and other events are not based in Fremantle. They arrive, utilise the city’s amenities, make truck loads of money, and leave.  Festival patrons add little to the city’s retail businesses other than to booze barns, cafes (and possibly drug dealers). They also leave expensive clean up liabilities.

AirBnB hosts  offer friendly alternative accommodation services to the city. They attract people who may have responded to the council’s revised Destination Marketing program which, by coincidence, has hoteliers on its advisory board in addition to Chris Lewis. Lewis is the spin doctor who was instrumental with a few members of the G4F group, including Councillor Sullivan, in organising fundraisers for Brad Pettitt’s mayoral campaign.

ELECTED COUNCILLORS SHOULD ASK “DO THESE CONNECTIONS INDICATE CRONY CAPITALISM?”

Lewis’s company, LewiCorp PLC, was paid $22,000 by Fremantle Council for ‘Strategic Services’ rumoured to have been connected to the Keep Dockers in Fremantle campaign spearheaded by Lewis and his confrère, former WA Inc Premier Peter Dowding.

Lewis, Dowding and Pettitt  appeared unworried that to retain the team in the city would  cost city ratepayers in excess of $100,000,000.  The campaign failed as did Lewis’s attempt to gain a position on the Dockers’ board.

Fremantle has a Council, many of whose elected members appear to be unwilling or incapable of thinking outside The Square but apparent respond to  pressure from ‘mates’ in business or those who facilitate and lobby on behalf of businesses, including developers. It could be Crony Capitalism at its worst, a reflection of the corruption endemic during the governments of WA Inc. It is becoming clear that councillors should investigate who is behind the scenes, driving the city and advising the Mayor and some colleagues.

Note:
Crony Capitalism is defined as: “An economic system characterised by close, mutually advantageous relationships, between business leaders and government officials.”

 

Roger Garwood

Editor: backchatfremantle@gmail.com

ARE SIRONA SOLVENT?

HAVE FREMANTLE RATEPAYERS  SETTLED SIRONA CAPITAL’S DEBT TO BUILDERS COOPER & OXLEY?
In February this year the administrators for Perth builders Cooper and Oxley implemented legal action to recover a debt of  $6.12m allegedly owed by Sirona Capital, the developers of Fremantle’s King’s Square.
   Last month (May 2018) Sirona Capital’s  Managing Director Mathew MacNeilly quietly announced the case was settled. Presumably the debt had been paid.
   It’s reasonable conjecture to ask whether Fremantle’s councillors may have fallen for a well orchestrated smoke and mirrors trick.
   Over a year ago Sirona Capital requested a twelve month extension to pay for one of several properties purchased from Fremantle ratepayers’ assets.
   The 12 month deferred payment of $6.65m was due on May 9th 2018. It is for Sirona Capital’s acquisition of the Spicer site, one of a number of assets sold to the developer by council but not yet paid for.
   On February 8th this year journalists Kim MacDonald and Grant Taylor reported in  Perth Now  that a Supreme Court writ had been issued against Sirona Capital.
   MacDonald and Taylor outlined the writ claimed Sirona Capital’s directors and other executives had acted “fraudulently”,  “negligently” and made “misrepresentations” related to the conversion of a $5m loan into equity.
Cooper and Oxley’s administrators were seeking $5 million plus 15% interest on that sum since late 2011, about $1.2 million, plus unspecified damages.
WERE, OR ARE,  SIRONA SOLVENT?
   If Sirona Capital did pay Cooper and Oxley Councillors must now ask why did they not pay the $6.65m debt to ratepayers first?
If they did not pay money to Cooper and Oxley, nor to Fremantle the question is: “Were, or are, Sirona Capital solvent?”
   If on May 9th, 2018, Sirona could not pay their debt to Fremantle City Council and/or to Cooper and Oxley, they may have been insolvent,  had a legal obligation to stop trading immediately, or seek settlement with creditors. It appears they did the latter when asking for extended time to pay Fremantle Council.
IS THIS A TIMELINE OF INTRIGUE WORTHY OF WA INC?
APRIL 2017
SIRONA CAPITAL : PAYMENT TO COUNCIL FOR $6.65M DEFERRED

The new due date for payment of the Spicer Site was 9th May 2018.

FEBRUARY 2018
BUILDERS COOPER AND OXLEY CALL IN ADMINISTRATORS
7th FEBRUARY  2018
WRIT ISSUED AGAINST SIRONA CAPITAL FOR $6.12m
It was reported  the administrator of Cooper & Oxley , Cameron Shaw of accountants Hall Chadwick, issued writs against Sirona Capital for $6.12m.
11th APRIL  2018
SIRONA CAPITAL SEEK ADDITIONAL EXTENSION FOR PAYMENT OF THE SPICER SITE : GRANTED BY COUNCIL
   Council members unanimously approved a proposal by Mayor Pettitt and seconded by Cr Hume that Sirona Capital be granted an additional 6 months to pay for the Spicer site.
Council minutes record:
  “That Council authorise the Chief Executive Officer authority to approve extension of the settlement date for the former Spicer property for a period up to 30 September, 2018 and amend the Project Development Deed in accordance with this extension.”
This was probably the earliest possible date the application for an extension could have been put before full council since the writ was issued.
19th APRIL  2018
ACTION DROPPED : WRIT ‘SETTLED’
   Immediately after gaining the  extension Matthew McNeilly, Sirona Capital’s Managing Director, announced action by the Cooper and Oxley administrators has been  withdrawn. Had $6.12m claim has been paid?  McNeill described it as  ‘settled’.
   It is reasonable supposition that the $6.65m for the May 9th payment for the Spicer site may have been used to settle the debt claimed by Cooper and Oxley’s administrators.
17th MAY  2018
SIRONA CAPITAL ANNOUNCE $190m FINANCIAL PACKAGE FOR KINGS SQUARE PROJECT

Only four weeks after the Cooper and Oxley case was settled McNeilly announced $190m funding for the KSP.  The company had secured the funding from First State Super (FSS) and Altis Property partners. FSS manage the superannuation funds of 800,000 public service employees. McNeill claimed  banks  had ‘lost out’ on the chance to fund the King’s Square project.

A $190m financial package is not achieved overnight.  Sirona Capital must have been aware they had finance arranged, or were sure of getting it, before they asked for additional time to pay for the Spicer site.

  Fremantle’s Councillors may have fallen for a well planned financial manoeuvre.
SIRONA CAPITAL ARE ‘CASHED UP’ BUT FREMANTLE’S ECONOMY HAS COLLAPSED
   Observers are aware that Sirona had difficulty gaining financial backing from investors for the King’s Square redevelopment.
  There are close to 130 empty or demolished retail premises in Fremantle.   That includes shops demolished to make way for the shelved Hilton Hotel development; the Woolworth’s centre next to St Patrick’s Basilica; shops empty in arcades including the Coles Woolstore centre; shops under redevelopment by Sirona Capital and about 85 visually empty premises in the CBD.
   Faced with that scenario it is not surprising  investors display  caution before funding the construction of retail premises which form a substantial part of the King’s Square Plan.
  Fremantle cannot survive on the smell of coffee beans, hop extracts and festivals. The city is now ranked among the least financially secure shires in Western Australia. In short, the city’s economy has collapsed.
COUNCIL LOSING MINIMUM OF $1,000,000 BANK INTEREST
   Councillors must demand Sirona Capital settle for their purchase of ratepayers’ assets. They owe $6.65m for the Spicer site alone. They could be earning considerable interest on  money which is lost to the city and could be in excess of $1,000,000.
   To cover Sirona’s Capital’s non payment for a number of assets the City’s financial managers have removed $12.65m from the reserve fund, thus losing interest on that deposit. Over  3-4 years that could amount to interest of  $3,000,000. The council have described to cost as insignificant.
   Fremantle’s ratepayers – the real financial lifeblood of the city – must ask for an independent inquiry into the Kings Square Plan which has been shrouded by secrecy and spin.

COUNCILLOR PEMBERTON: “FREE BOOB AND ‘F*CK ME’ BOOTS”

FREO COUNCILLOR ENDORSES ‘FREE BOOB AND F*CK ME’ DRESS CODE FOR FALLS FESTIVAL GIRLS

Fremantle City Ward Councillor Rachel Pemberton endorsed a sexually explicit dress code for girls attending the Falls Festival in Fremantle last weekend (6th & 7th December). Following a series of alleged sexual assaults at the Falls Festival in Tasmania Pemberton wrote on her blog:

“Women’s fashion tips from Falls – pants are optional, a transparent bra is a visible alternative to a top or you can simply ‘free boob’, and ‘f*ck me’ boots are back in fashion”.

The statement was revealed by Freo Streetwise, magazine edited and published by journalist Carmelo Amalifi. Streetwise is rapidly gaining a reputation for tackling the hard news in Fremantle and calling the City Council to account.

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Screenshot from Freo Steetwise Facebook page which attracted condemnation of City Ward Councillor Rachel Pemberto’s comment.

 

TACIT SUPPORT FOR PEMBERTON FROM MAYOR AND COUNCIL

The story, published on the Streetwise magazines Facebook page, has resulted in condemnation from the community but gained tacit support from Mayor Brad Pettitt, a former partner of Pemberton, and North Fremantle Councillor Doug Thompson. Instead of offering a reasonable explanation for her statement Pemberton, in the face of concerned critics, simply accused them of cyber bullying.

OPPORTUNITY LOST

Pemberton, a high profile councillor, had the opportunity to condemn the dress code she publicly endorsed. She had an outstanding chance to support the right of women to wear whatever they wish, wherever they wish, without making themselves targets of sexual predators. She promoted the  opposite position,  giving credence to predatory sexual behaviour. Thompson, the city’s longest service councillor, made the observation that comments condemning Rachel Pemberton demonstrated the worst aspects of social media.

Thompson’s comment, endorsed  by Pettitt, ignored the issue of the City Ward Councillor’s sexually explicit post, thus offering tacit support. Nor, (at the time of writing), has any councillor criticised Pemberton. The comments on the Facebook page of Freo Streetwise presented an opportunity for Pemberton to explain in detail her post, maybe to apologise for it. Her only defense was to accuse critics of bullying. They didn’t. They were shocked, wanted an explanation  and called for her dismissal, resignation and an inquiry into council’s code of ethics.The problems faced at Falls in Tasmania were published nationally over a number of days.

PEMBERTON: A QUESTIONABLE ROLE MODEL

Recent Mayoral challenger Ra Stewart said:

“Rachel Pemberton as the mother of two young women attending this event I am appalled at your comments. There was no suggestion about female empowerment in your statement, you provided commentary on a dress code and the inference was most definitely derogative. I would hate to think how your comments are interpreted by young men, let alone my daughters.”

Stewart questioned Pemberton’s position as a role model in the city.

“You’re kidding right… Rachel Pemberton, as a leader in our city, Councillor, and role model (?) for our young women”.

APPALLING & IRRESPONSIBLE:

Claudia Green, an expert in governance – the manner in which all branches of government should operate – and recent City Ward candidate, commented:

“ …Councillor Pemberton is in breach of her role and responsibility as an elected representative and public servant paid from the public purse, apart from the appalling message she is sending. 

“She has claimed a conflict of interest to abrogate her duties to represent her electorate in the Sunset development planning application by accepting freebies from Sunset. Now this awful abrogation of responsibility of her duties as an elected representative of public service. 

“The CEO and the Mayor need to bring her into line and reprimand her and be brought to the appropriate Committee for discipline. She should be sacked. Once verified, a complaint will be laid. She is bringing the Council into disrepute.”

Green is correct in calling on the Mayor and CEO to refer the matter to a disciplinary committee. Together  with other posted comments she asks for Pemberton to be sacked. However the early signs from council indicate that all councillors will offer tacit support to Pemberton’s unconscionable, amoral, advice.

Rachel Pemberton could demonstrate a moral and ethical backbone by admitting her vacuous judgement, apologise and resign immediately. If any councillors have any morality or understanding of professional ethics they will condemn Pemberton, call for her resignation and get on with the job of running a city in crisis.

By not condemning Pemberton’s blog post the mayor and his councillor’s are endorsing an increasing public opinion that they are out of touch with the wishes of the community for higher standards of professional ethics and morality to be demonstrated. At the very least Councillor Pemberton, who receives substantial payments from ratepayers, should be stood down and an independent inquiry, with representation by ratepayers, held. A closed door cover-up will not be acceptable.

NOTE: It appears that Pemberton has recently removed her blog post but no explanation or apology is offered.

 

Roger Garwood

editorbackchat@gmail.com

 

 

SPIN CITY

SPIN CITY: $650,000 BUDGET FOR PUBLIC RELATIONS
Fremantle journalist Carmelo Amalfi has revealed Fremantle Council has so far spent $650,000 on a public relations campaign.
Ratepayers Face Conflicting Evidence of Visitor Numbers
The Mayor, Dr Brad Pettitt, paraphrasing spin from Sirona, stated in late September that Fremantle has 1,600,000 tourists per year.
He claims this will increase to 3,000,000 when the Myer makeover is completed but quickly contradicted himself, announcing the Fremantle Festival Parade will be cancelled because visitor numbers are not high enough.
The parade will be replaced by a shopping trolley race to held in King’s Square to raise money for charity. There should be no shortage of competitors. Within fifty metres of the mayor’s office there are enough homeless people using shopping trolleys to harness their belongings in their shopping trollies and head for the starting line.
On the 5th October the Mayor quoted conflicting visitor numbers. These show that in the financial years of 2015-2016 and 2016-2017 visitor figures were a little short of 1.3 million per year, 300,000 less than figure of 1.6m Dr Pettitt had previously quoted which he said were obtained from the Department of Tourism.
The Mayors latest statistics show the Festival period of November has a very high visitor rating, only marginally  lower  than the Christmas and Easter holiday periods.
So why cancel the Festival Parade which has been the highlight of the annual ten day festival for 20 years?

NQLUE3202
Homeless and in sight of the Mayor’s office. This person was camped here for weeks and  then the election campaign got into gear. It appears that he has found a home or was moved on by Fremantle Council’s security squad. In the past few days a lot of people seem to have been ‘moved along’. In defence of the security detail it must be said they operate with a great deal of tact and understanding but they are only a band aid solution.

EMERGING DYSTOPIAN SOCIETY
It’s not difficult to spot the city’s emerging dystopian society. Retail trade in the West End is collapsing. Within a stone’s throw of the Town Hall, where rents for a medium size retail outlet are as high as $240,000, homeless people sleep in the empty doorways. Of course the problem is solved easily – move them on. We now have a security team recruited by council to clean up the streets, moving less than fortunate people away. Out of sight, out of mind! A band aid solution for an increasing problem and a clear sign of a city in crisis.
While this is happening Spin City HQ is in full swing. The council are reportedly burning a budget in excess of $650,000 to try and make the Magic Pudding rise. Coincidently this feel good spin is happening during the lead up to an election where challengers to the Koolaid Council, followers of The Cult Of Brad, are fighting for seats and salaries Fremantle ratepayers are funding the spin campaign.
THE ONE EYED MAN IS KING
We’re told that the Myer makeover will see Fremantle’s economy rise, Phoenix like, from the ashes of an eight year autocracy.
The Mayor is commendably one eyed about the city’s future. But in the land of the blind the one eyed man is king. There is also  a biblical saying: ” When a blind man bears the standard, pity those who follow.”

IMG_9057
The CBD’s latest victim closed last week

FINANCIAL GOAL POSTS MOVED IN A SMOKE AND MIRRORS ACT
The city’s overbearing spin has sparse factual substance but when the financial facts related to the King’s Square development were exposed by financial expert Martin Lee and City Ward candidate Claudia Green, they were brushed under the carpet. Those facts, based on figures obtained from council, show Fremantle faces a  financial collapse leaving ratepayers to fill a black hole of up to $50,000,000.
This financial collapse was recently endorsed by the Minister who stated Fremantle is a city at financial risk. Fremantle had the worst financial rating on the State’s Local Government website.
Fremantle Council claimed that was not the case explaining they had moved the goal posts in the accounting system, hence the poor showing of 42 points in a statewide list of councils’ finances. 70 points is the benchmark for good financial health.
Within a fee days the goal posts were moved again. Fremantle now has a rating of 85! Questions must be asked about how this smoke and mirrors act came about.
Was the Minister mislead, were Treasury so incompetent they misread the city’s accounts? Did all ratepayers  come down with the last shower and believe this overnight turnaround? Was there a moment of panic in the Mayor’s office?
LIPSTICK ON A PIG
The Myer makeover materialised from an architectural competition and is described in Spin City’s publicity as world class. It is not. It is simply putting lipstick on a pig. The style is a Neo Lavatorial throwback to the 60s similar to that used in the  in the east end of the city. That too was promised to be a miracle trading area for the city. The area is now little more than a third world eyesore with a promised hotel development put on hold and becoming a temporary car park. The new Woolworth’s site, next to St Patrick’s, which we were told would bring life to the east end of the city, is closed after a few years of trading. At least 80 retail and business premises are now visibly vacant in Fremantle’s CBD alone.  The total is probably over 100.
OUTSIDE FORCES BLAMED WITH SMOKE AND MIRRORS SPIN
Outside forces are blamed: the GFC; mining boom collapse; State Government finances et al. Yet other shires flourish while operating under identical state, national and international burdens.
What we are getting is more Spin. Smoke and mirrors distractions: Australia Day; plastic bags; charity collection pillars; speed humps; shopping trolly derby; ‘Yes’ vote. Non of these issues address the core problems facing the city and the spin bait seems to be swallowed hook line and sinker by every member of council.
Does council really need a new administration building? The old one seems to have worn quite well and bears a striking resemblance to the Myer makeover, a carry over from ’60s style architecture. The market in Kings Square has not succeeded in attracting visitors and there is no reason to assume that the glossy spin from Sirona will be any more successful. These lifestyle promotions can result in spectacular failures. An example is the Docklands development in Melbourne which now has retailers and restauranteurs walking away from their leases and apartment owners saying ‘this is not the lifestyle we were promised’.

IMG_9060
Fremantle’s existing  administration building would benefit from a coat of paint and a flashy new market piazza . We could save $50,000,000 using little more than a paint pot.

$1.3 BILLION INVESTMENT MANTRA : ONLY 20% HAPPENING
We are told that investments of $1.3 billion are progressing in the city. They are not. In fact they are nearly all stalled, put on hold. The only visible progress is Sirona’s where we’ll see concrete Botox slapped on Miss Piggy. That is less than 20% of the investments the Mayor claims are happening.
THE ASIAN CONNECTION
Sirona  is a  company with strong connections to  Alvarez and Marsal, a corporation specialising in turning sluggish areas into  sustainable growth. Are Sirona  a pimple on the back of a massive overseas corporation and can we expect to see a sell out? In that respect council have helped  by selling assets at bargain basement prices to Sirona.  Many of the ratepayers’ assets at well below market value. We can be 100% certain that the real winners will be the developers. Who negotiated that deal?

BTHD3095
Homeless on Monument Hill. A number of people have been sleeping here recently. Will this type of image become an epitaph to Fremantle’s once vibrant lifestyle and economy?


NOTE:
Dr Pettitt has been asked to clarify the visitor figures and has been asked whether there was any other reason the Festival Parade has been cancelled.

Roger Garwood

editorbackchat@gmail.com