$400m Civic Place stage one
Developer, Grocon, has presented to a Parramatta City Council workshop a $400 million stage one proposal for the $1.6 billion Civic Place redevelopment. The presentation included council facilities as well as commercial and retail development. It is understood that redevelopment would first occur on the site facing Smith Street, between Sydney Water’s head office and Macquarie Street.
Hospital company collapses
Owen Ferguson Health, the company that ran Canada Bay Private Hospital, has collapsed less than a week after the state government expressed confidence in working with it on a $51 million hospital at Homebush Bay. ANZ Bank has appointed the receivers Ferrier Hodgson to take over three of the group's hospitals, in Lismore, Mackay and Melbourne. A spokesman for the Sydney Olympic Park Authority said the state government would now ''monitor the situation'' and assess its legal options.