Newcastle is set to reap a financial windfall after exchanging sale contracts for two of it’s three off-street parking stations.
The new owner has purchased the courthouse parking station in Bolton Street and the Civic West Station on King Street.
The council received a higher then expected revenue from the sale
and it’s expected the extra money will now be used for other council
based projects and assets.
Manager of Commercial Enterprise Services Daniel Ballantyne believes the move is a financial win for both the council and the community and he explains the council can now focus on revitalising Hunter Street and providing much needed maintenance to local parks and swimming pools.
The Council is still in negotiations with an unknown contact in regards to the third parking station in Hunter Street Mall and it is not clear if a sale will be made.