Councillor David Taylor raised concerns about the accountability of Mercury Land Holdings, suggesting taxpayer money might be 'funnelled' without due transparency regarding its use in developments.
Cllr Taylor acknowledged the utility of MLH for generating income for the council, stating that it allows for some level of control over developments despite his reservations.
The recent reduction in building height on the Como Street site from 12 to 9 storeys illustrates how local pressure can shape outcomes, protecting community interests against larger developers.
Cllr Taylor emphasized that using their own developer can help ensure that local needs and concerns are addressed, contrasting this with the approach of external developers.
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