Over $50,000,000 worth in private investment has been secured by the state government’s leasing program in the Northern Territory.
The Leased Property Stimulus Scheme has encouraged building owners across the state to upgrade their homes in exchange for extensions in current government leases, which has stimulated the economy and created jobs in the process – win-win!
The Northern Territory Minister for Corporate and Digital Development, Paul Kirby, said: “The Territory Labor Government knows increasing private sector investment creates strong economic growth and more local jobs.”
We have had great take-up of the Leased Property Scheme with over $50million of private investment secured, which will have a far greater flow-on effect into our economy.The Northern Territory Minister for Corporate and Digital Development – Paul Kirby,
Over 30 building owners have so far taken up the government’s offer, with $3.6 million worth of work currently undergone at the Cascorn Centre in Casuarina which saw upgrades to its green space, carpark facilities and much more.
Member for Casuarina, Lauren Moss, said: “The upgrades to the Cascom Centre are timely, and have a direct impact on three of our government departments who have offices in the complex, and all work has followed the Buy Local policy.”
She went on to praise the leasing program and said that by utilising its benefits, areas that have taken advantage of the scheme have increased in appeal for residents as well as prospective buyers.
“The stimulus scheme is making these particular areas a more attractive place to live, work and visit,” she said.
Not only are we creating local jobs through securing private investment, but also revitalising key-areas with significant numbers of workers from both private and public sectors.Member for Casuarina – Lauren Moss