Richmond Valley Council is investigating its options for a possible sale of the Casino Regional Livestock Exchange after being approached by two potential buyers.
Richmond Valley Council is investigating its options for a possible sale of the Casino Regional Livestock Exchange after being approached by two potential buyers.

$9m price tag on Casino saleyards

IF YOU would like to buy the Casino Regional Livestock Exchange you will need a cool $9 million.

But first you will have to convince the Richmond Valley Council to agree to sell it.

“Council has still to develop a position on the saleyards,” council director of works Gary Murphy said.

The council has been approached by two parties interested in purchasing the saleyards. At its December meeting the council decided $9 million should form the basis for any future discussions on a possible sale.

Four years ago, Regional Infrastructure began a discussion with the council about the possibility of either leasing or purchasing the saleyards with a view to turning it into a world-class livestock facility.

More recently, Casino businessman John McMahon has also approached the council.

Mr McMahon has a development application lodged with the council to build a rail terminal on land adjacent to the saleyards.

Mr Murphy said a further council meeting would seek input into issues it should consider while developing a position on the saleyards.

“It’s not just a matter of should we sell it, it’s also how should it be sold,” he said.

Mr Murphy said that while the council had not made adecision about the sale of the yards, it must follow a ‘process’ because it had received offers to purchase the facility.

The council’s saleyards advisory committee, made up of stock agents, vendor representatives and a member of the Northern Co-operative Meat Company, has recommended the council engage in a process of consultation with those who would be affected by the sale of the yards.

The council will hold a meeting for users of the sale-yards at the Casino RSM Club on Monday at 10am.



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