Tamala Park cash

THE three municipalities created in the 1995 break-up of the City of Perth have each been granted a $2.9 million stake in Tamala Park, one of the City’s most prized assets.

The Tamala Park Land Transfer Bill, recently passed through the Legislative Council, awarded the Towns of Cambridge, Victoria Park and Vincent a one quarter share of the Perth City Council’s stake in the land.

The 432ha park in Mindarie, worth an estimated $35 million, was bought by the PCC and the Cities of Wanneroo and Stirling in 1981. When PCC was split into four, however, the PCC’s $11 million stake in the land was not and, until last week, remained wholly with the city.

While the towns of Cambridge, Victoria Park and Vincent are this week rejoicing, the PCC is angered the Bill was passed. The PCC believes that, as it paid more than $56 million to facilitate the creation of the three new towns in 1995, it should not have had to fork out further funds.

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