Council 'bail-out' not an option, developers warned | Owners Corporation Network

Council 'bail-out' not an option, developers warned

Wyndham council has put developers on notice that it will not take over the running of big-scale attractions in new estates once the going gets tough. Councillor Mia Shaw said she was increasingly concerned by the emerging problem of developers building grandiose community assets and then handballing the management to an owners’ corporation. “If you look around ours and other growth areas, it seems large developers are building regional-scale, or non-local-scale assets, purely to drive up sales in their estate. Some might say this is fair and is only market forces at play, but stand back and think about the consequences,” she said.  
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