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Towering trouble for TCN

Following moves by City of Yarra Council in Melbourne to review planning regulations over the future use of the GTV9 site, now Willoughby Council is similarly keen to see Sydney’s TCN site given to low-scale residential use if the site is redeveloped.

The council may allow medium to higher density housing to the centre and east parts of the site.

A report in today’s Australian also said the transmission tower at Willoughby could not be moved. “The Channel Nine (Sydney) tower can’t be relocated, because the towers need to stay in one geographic location; otherwise, the viewers would need to re-point and optimise the antenna relief system,” said Joe Giovenco, the chief executive of TX Australia.

But the value of the 233ha site may not be fully realised without the removal of the Nine tower.

“It’s a bit of a unique case,” said commercial valuer Wayne Wotton. “It’s just a turn-off. It detracts from the presentation of the property.”

Source: The Australian

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