Tenders Being Reviewed For $1 Billion Coburg Initiative

Mayor Joe Caputo told Capital Gain the initiative “has opened up opportunities for both the big end of town and grassroots communities to think outside the square” and “become part of the exciting renaissance” underway in the working class northern suburb.

He said the next stage of the “Coburg Initiative” is to short list respondents for a second stage of offers, factoring in recommendations. It is likely a winning tenderer for the precinct will be announced about mid-year.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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