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Western Sydney Aerotropolis land values are soaring, but not everyone is able to cash in - ABC News (Australian Broadcasting Corporation)

Australia's new international airport represents a potential bonanza for developers and landowners in some places, a small wire fence is all that separates the multimillionaires from those missing out. ....

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John Alexander: Tax property developers for infrastructure

MacroBusiness
Access Subscriber Only Content
at 10:20 am on January 27, 2021 | 11 comments
Liberal MP John Alexander believes there is a better way to fund the government’s “unprecedented” infrastructure projects which doesn’t include indebting future generations of Australians:
Mr Alexander told Sky News there is now mounting evidence to show how the value of property around major infrastructure projects experiences extraordinary uplifts sometimes to the tune of 5000 per cent.
He pointed to the Badgerys Creek Airport development where agriculture land is valued at around $2000 an acre, but post development – if that land is close to a key piece of infrastructure – it will be valued at in excess of $10 million. ....

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Forced landing at western Sydney Airport construction site

A light plane has been forced to make an emergency landing at Sydney s yet-to-be completed new airport. ....

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Air emergency: Plane forced to land at unfinished Badgerys

News
by Matthew Benns
Premium Content

Western Sydney Airport has had its first landing five years ahead of schedule after a single engine plane made an emergency landing on the partially built dirt runway today.
The plane was on a training flight out of Bankstown Airport when it developed engine trouble and had to put down.
Work on the new $5.3 billion airport had to be stopped as the struggling plane glided in for an emergency landing on the flat dirt expanse being prepared for the airport s new runway.
No one was injured but all work on the Nancy Bird Walton airport site stopped for the morning. Civil Aviation Safety Authority spokesman Peter Gibson said: The first aircraft to land at the new Badgerys Creek Airport was in fact a single engine Piper Cherokee and not a Boeing 787 as expected. ....

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