Labor will force the SCG Trust to repay $644 million loan for stadium upgrade


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He is also not committing to offering the entire line of credit but would wait and see what other more “cost effective” options are presented.


“We don’t want to see it knocked down, but if the Liberal Party goes ahead then the cost of rebuilding it will be borne by the Trust and not the taxpayer.” Mr Daley said.


Labor leader Michael Daley insists the design of the stadium will be more modest and in keeping with the local environment if he’s elected.

Labor leader Michael Daley insists the design of the stadium will be more modest and in keeping with the local environment if he’s elected.Credit:Jeremy Piper


Sports Minister Stuart Ayres has consistently said that a loan, like Labor is proposing, is “almost impossible” for the Trust to service.


“This is a $19.5 million annual repayment from a body that has an average operating surplus of $1.5 million,” Mr Ayres said.


Article source: http://smh.com.au/afl/afl-news/josh-schache-wont-be-requesting-a-trade-from-brisbane-lions-20170911-gyf63p.html

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