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All Loan articles

Loan doubt

Monday, 15th May, 2017

A Broken Hill councillor has hit back at City Council’s ‘worst case scenario’ regarding the proposed $10 million loan, saying the real worst case scenario is the end of Broken Hill. 

Councillor Tom Kennedy has been outspoken on his views regarding council’s decision to borrow $10 million, saying he is concerned by the lack of planning. 

At its budget briefing, council outlined its worst case scenario in terms of borrowing the money, saying at worst they would break even.

Tourism expert backs big loan

Friday, 5th May, 2017

A local tourism company has come out in support of City Council’s move to secure a $10 million loan.

New Broken Hill-based tourism business, Out of the Ordinary Outback, which owns Tri State Safaris, has welcomed opportunities to secure the city’s long-term infrastructure needs.

Owner Scott Smith said any investment into the city was a step in the right direction.

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