Melbourne education super city crashes and burns

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Farewell education super-economy, at The Age:

The Andrews government was negotiating with the consortium behind plans for a $31 billion Werribee “super city” right up until the project was scrapped, the chairman claims in Supreme Court documents.

Chinese-backed Australian Education City was picked as the preferred developer in 2015 to turn a huge parcel of publicly owned land in East Werribee into a sprawling education, research and housing precinct. But the project was abandoned by the Andrews government last month after concerns were raised about its viability and Chinese investment.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.