Tycoon buys into Byron project
A QUEENSLAND property developer is understood to have bought a major share of the controversial West Byron development.
The Byron Residents' Group, which opposes the development, described the new landowner, property developer Terry Agnew, as "a big player in the Sydney CBD property market" who is about to start building a major resort development on Great Keppel Island.
"We have always been concerned that the West Byron landowners were simply trying to get the development approved before selling out to a developer who could afford to undertake a project of this size," Cate Coorey of Byron Residents' Group said.
"For a long time we have been told that it is local people involved in this development and they have the community's best interests at heart. Now that a major developer has bought this parcel, it changes the landscape quite a bit."
The housing project cannot proceed until the land is rezoned.
Greens MLC and former Byron mayor Jan Barham has now put forward a motion to defer the rezoning to allow more detailed studies to assess its impact.