Developing a flood plain: how raising a dam wall could create a false sense of security in Sydney's west
Clydesdale Property Development Group bought the property in August 2014 for $45m. The 2,000-hectare site, a former quarry, is owned by Penrith Lakes Development Corporation (PLDC) – a consortium between building materials suppliers Boral, Holcim and Hanson that previously operated the quarry. The Penrith Lakes property development after the recent NSW floods. Almost 2m tonnes of fill from the Westconnex tunnel project, also within Ayres’ portfolio, has been deposited at Penrith Lakes. The entry gate to the Penrith Lakes property development after the recent floods.
Source: The Guardian March 27, 2021 18:56 UTC
