How much is open public space worth? Council paid $2.515 million for one waterfront block in 2002, but are now willing to let it go.
How much is open public bushland worth? It’s a question Hunters Hill Council may well ask after it recently floated a proposal to sell a waterfront parcel of natural bushland with a beach and a boat shed that it had bought more than 20 years ago for $2.515 million.
This is despite being valued as one of the suburb’s most expensive vacant blocks 22 years ago when council bought it from the owners of the historic Mornington mansion next door. The block was originally part of the landmark Mornington estate that was built in 1906 to a design by architect Henry E. Budden, and from 1918 until 1999 owned by generations of the Meggitt family, of the pioneer linseed oil industry. It is a landmark residence at 16 Vernon Street that was long known locally as the “eyes of the river” given its distinctive windows.
Council officially acquired the land in 2002 by subdividing the foreshore into two lots, of which the smaller part was left to the Porters and the larger 527-square-metre block became public land. “Selling council land to fund continuing operations is not sustainable nor does it respect intergenerational equity,” Sanderson stated.
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