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State Government to compensate George St businesses disrupted by light rail construction

August 31, 2017 Angela 0 Comments

State Government to compensate George St business disrupted by light rail construction

It has been a long fight to get justice for the small business owners and residents who have lived through the hell of light rail construction. I intend to continue the fight to make sure that people get the support they need. Read the article below for more information:

The Daily Telegraph reports that small business owners will finally receive relief following the State Government’s extraordinary decision to award compensation to those who have suffered from the impact of light rail construction.

Following a campaign led by independent City of Sydney councillor and George St cafe owner Angela Vithoulkas, Transport for NSW has revealed it has engaged an independent accounting firm and adviser.

After meetings between business owners, Transport Minister Andrew Constance and Small Business Minister John Barilaro, the department has employed former federal Treasury deputy secretary Tim Spencer and accounting firm Ernst and Young to assess the financial loss faced by businesses.

The compensation will come in the form of backdated rent relief. The first meetings between advisers and business owners took place last Tuesday, with an outcome anticipated within seven days of the meeting.

“Many businesses have suffered irreparable damage that no amount of rent relief will fix,” Cr Vithoulkas said.

Cr Vithoulkas said the campaign would continue until compensation had been provided.

“More than a hundred businesses are willing to join a class action against the government, a move that would go ahead should the compensation fall over,” Cr Vithoulkas said.