New South
Wales Premier Bob Carr says a new corporate park he will open in Sydney’s east today does not pose a threat to the
financially troubled Australian
Technology Park
at Redfern.
The $70
million Sir Joseph Banks
Corporate Park
at Botany is expected to employ up to 1,200 people.
It
already has some major companies among its tenants.
The
technology park in nearby Redfern, which has just been taken over by the
Government’s new Redfern Waterloo Authority, was reported late last year to be
carrying $38 million in debt and losing $4 million annually.
But Mr
Carr says they are not in competition.
“The
Redfern land is there for incubation of innovative industry,” he said.
“This,
by contrast, is a private sector site for high-tech business investment and
estimated to provide a base for employment of 1,200 people.
“It’s
the sort of land we need if we’re going to continue with the flow of
investment, the strong flow of investment that has kept unemployment in New
South Wales at a 20-year low.”
ABC
News on Line:
Thursday, February 10, 2005. 12:00pm (AEDT)
http://www.abc.net.au/news/newsitems/200502/s1299832.htm