cientologists linked to China ask state for $1b rail to $31b city

triumph

Silver Meritorious Patron
The AGE
Scientologists linked to China ask state for $1b rail to $31b city
By Clay Lucas & Simon Johanson
March 28 2018

The consortium proposing a $31 billion high-tech city on Melbourne’s western city fringe asked Victorian taxpayers to chip in more than $1 billion for a rail line to its development.And documents leaked to The Age show that funding for the new city in East Werribee would be entirely underpinned by money from Chinese Communist Party businesses

Australian Education City - a company with close ties to the Church of Scientology but little experience in large-scale development - wants to build a university city that would bring more than 24,000 new overseas students to Melbourne.

The consortium has been negotiating with the government for two years over the purchase of the publicly owned East Werribee land.
Selected in 2015 as the preferred buyer of the site, it offered the Victorian government $340 million for the land - hundreds of millions of dollars more than others were willing to pay.
snippet
Australian Education City's biggest shareholder is 51-year-old Bill Zheng. The successful Chinese-born property investor has strong links to the Church of Scientology.Also among the consortium’s minor shareholders is Emmanuel Foundas, a former Victorian president of the Church of Scientology. Another director, Ross Martiensen, has also been heavily involved with the church.
more at link

https://www.theage.com.au/politics/...-for-1b-rail-to-31b-city-20180328-p4z6r3.html
 

dchoiceisalwaysrs

Gold Meritorious Patron
The AGE
Scientologists linked to China ask state for $1b rail to $31b city
By Clay Lucas & Simon Johanson
March 28 2018

The consortium proposing a $31 billion high-tech city on Melbourne’s western city fringe asked Victorian taxpayers to chip in more than $1 billion for a rail line to its development.And documents leaked to The Age show that funding for the new city in East Werribee would be entirely underpinned by money from Chinese Communist Party businesses

Australian Education City - a company with close ties to the Church of Scientology but little experience in large-scale development - wants to build a university city that would bring more than 24,000 new overseas students to Melbourne.

The consortium has been negotiating with the government for two years over the purchase of the publicly owned East Werribee land.
Selected in 2015 as the preferred buyer of the site, it offered the Victorian government $340 million for the land - hundreds of millions of dollars more than others were willing to pay.
snippet
Australian Education City's biggest shareholder is 51-year-old Bill Zheng. The successful Chinese-born property investor has strong links to the Church of Scientology.Also among the consortium’s minor shareholders is Emmanuel Foundas, a former Victorian president of the Church of Scientology. Another director, Ross Martiensen, has also been heavily involved with the church.
more at link

https://www.theage.com.au/politics/...-for-1b-rail-to-31b-city-20180328-p4z6r3.html
This was covered in 2015 in a post by Tony Ortega. This recent article seems a rehash of a lot of the earlier one but I have not thoroughly compared the two. YMMV https://tonyortega.org/2015/12/16/a...ogist-behind-super-city-plans-near-melbourne/
 

IWantOffThisTrain

Eternal Optimist
The money trail is weird. How do they go from being worth $16,000, getting an investment of $4.5m to being worth $285m in a couple weeks? Given Australias history with Co$ and the current climate I am surprised they would even consider this project. Plus they have ruined Clearwater FL, there is no telling how they would incorporate Scientology into the development, possibly going as far as making it the new world headquarters instead of CW...
 

dchoiceisalwaysrs

Gold Meritorious Patron
The money trail is weird. How do they go from being worth $16,000, getting an investment of $4.5m to being worth $285m in a couple weeks? Given Australias history with Co$ and the current climate I am surprised they would even consider this project. Plus they have ruined Clearwater FL, there is no telling how they would incorporate Scientology into the development, possibly going as far as making it the new world headquarters instead of CW...
It is imputed value of $285 .
https://financial-dictionary.thefreedictionary.com/Imputed+value
Refers to the value of an asset, service, or company that is not physically recorded in any accounts but is implicit in the product, e.g., the opportunity cost of cash remaining in a savings account and not invested.
 
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