PROPONENTS of a major business park on Goulburn's southern outskirts say the project is still going ahead despite the backing company registering a huge annual loss and deciding to sell off its half interest.
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Mariner Financial Limited announced a $65.3m annual loss to the Australian Stock Exchange this week. The company, along with private investors, is behind the Southern District Business Hub (SDBP) planned for off Mountain Ash Rd.
Mariner also announced on Tuesday that it would be selling off six of its operating divisions, including the property development group of Mariner Land Limited. This division is developing the $1bn business park.
Executive director Mike Shaw said given the financial difficulties, Mariner would either sell or lease its 50pc interest in the hub.
"But we are not in any rush to sell it. We have spent two and a half years on this project and it's all coming together now," Mr Shaw said.
For the full story, please see Monday's Goulburn Post, available from our front office in Auburn St, or at all leading newsagencies across the Goulburn area.
