NEWS
The impending loss of 300 workers from the TCB building will leave a big black hole in the Fortitude Valley economy, City Council Opposition Leader Shane Sutton believes.
“At the same time Cr Newman is opening the new Chinatown Mall and speaking about the economic importance of the Valley, he is moving 300 employees of Queensland Urban Utilities (the new water entity presently wholly-owned by BCC), out of the area,” she said.
“Moving 300 staff out of the TCB building will be a big black hole in the Valley daytime economy.”
Councillor Sutton said the Valley Chamber of Commerce was concerned the move would cripple the precinct and have a huge economic impact on local businesses, who have been suffering as a result of the mall upgrade.
She said the redevelopment of the Chinatown Mall had been an absolute nightmare for local business and residents.
“The mall was originally supposed to be open in August 2009, then October, then December.
“Some traders have lost tens of thousands of dollars in business because of this work and these lengthy delays in completion without any compensation from council.”
