Construction is underway on Melbourne's Suburban Rail Loop , which aims to connect all of the city's major rail lines.
Heavy machinery crawls over the grounds, preparing them for the big dig required for six brand new underground stations.The Suburban Rail Loop Authority reports it has now purchased 299 of the estimated 314 properties it will need to make way for SRL East, the first stage of the project linking Cheltenham in the south-east to Box Hill.
Mr Yu has been provided with professional support to help him find a new premises, and was given three months of free rent following the purchase of the property his store occupies.Behind the shopping strip, in a nine-storey apartment block, residents are also preparing to leave as the deadline for the building's demolition looms.
"For me as a tenant it's fine, I just need to find extra money to move, but for the owners, they were really upset," he says. Lawyer Thomas Portelli has been working from his practice, just a stone's throw from the affected shops, since 1964."I think compensation has been fair," he says."People aren't sure about the future, that really is the bottom line, and I suppose a lot of the comments have been around — do we really need it?" he says.
The Stabling Facility near Heatherton, which will serve as a depot for the new line, allowing trains to be cleaned, serviced, and maintained, 7 commercial buildings must go, and one residential.The SRLA refuses to disclose how much has now been spent on acquiring land and property.
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Source: FinancialReview - 🏆 2. / 90 Read more »
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