“Each suburb wants extra reasonably priced houses, however our first main challenge can be bringing the Eagle Farm racecourse into public fingers, reworking the location over time into public inexperienced house, housing, faculties, companies and amenities.”
To pay for the acquisition, Sriranganathan mentioned a Greens-led council would tackle extra debt.
“The Greens aren’t afraid to borrow cash to spend money on long-term belongings like well-designed, reasonably priced houses,” he mentioned.
“It’s higher for governments to borrow cash to fund housing, relatively than anticipating abnormal residents to tackle greater and larger mortgages.”
Sriranganathan mentioned such an inflow of residents – the Greens estimated about 10,000 would reside within the precinct – ought to immediate the Queensland authorities to duplicate the Doomben prepare line, which might enable trains at close by Ascot station each quarter-hour, seven days every week.
“The LNP and Labor housing plan is to present tax cuts to large builders and hope they begin constructing, however that gained’t work,” Sriranganathan mentioned.
“Large builders are already sitting on prime websites throughout town, however they’re intentionally not constructing houses as a way to artificially prohibit provide and maintain costs and rents sky-high.”
The Eagle Farm races can be no extra if the Greens acquired their method.Credit score: Michelle Smith
Whereas the Sriranganathan had floated the thought about six months in the past, it had not formally fashioned a part of the Greens’ election coverage platform till Tuesday’s announcement.
The coverage was offered to media on an embargoed foundation, which means remark was unable to be sought from different events earlier than publication.
However after the thought was first floated, Brisbane Racing Membership chairman Neville Bell mentioned changing the historic racecourse to excessive density housing was “100 per cent not an choice”.
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“100 and fifty-eight years of racing custom is right here at Eagle Farm and the federal government heritage quotation over the entire property prevents anything taking place right here bar horse racing,” he informed 9 Information final August.
Labor council opposition chief Jared Cassidy mentioned reasonably priced housing wanted to be unfold throughout Brisbane.
“We don’t need to simply see a focus in a single location just like the Greens have proposed, or in no areas just like the LNP have proposed,” he mentioned in August.
And, in January, LNP marketing campaign spokeswoman Fiona Cunningham mentioned motorists would pay the value for Greens insurance policies, together with the Eagle Farm resumption, as street initiatives can be wound again.
“The Greens’ street funding cuts can be used to pay for his or her rising record of massive spending guarantees,” she mentioned.
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