Thursday 29 January 2009

Region. Car radio firm in administration

The car radio and mobile phone dealer, Strathfield Group, which has 10 outlets across Western Sydney, has called in the administrators. The company said it had no choice but to call in an administrator, BRI Ferrier, after accruing $67 million in loses since listing on the sharemarket a decade ago. It will try to retain as many of its 350 staff as possible and avoid closing its 75 stores.

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Region. Rebuild and upgrade for hospitals

The State Government submitted a $2.5 billion for capital works programs to the Commonwealth’s Hospital and Health Fund, which included a $150 million rebuild of Nepean Hospital, at Penrith, which is struggling to cope with a growing population, according to The Daily Telegraph. The submission also included cardiography and diagnostic units in a major upgrade of Blacktown Hospital.

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Rosehill. STC and AJC likely merger

The Sydney Turf Club and the Australian Jockey Club have been marked for amalgamation after NSW Racing Minister, Kevin Greene, called for a meeting between the two bodies, according to The Sydney Morning Herald. STC chairman, Bill Picken, said an amalgamation would make sense given the downturn in the global economy. AJC chairman, Ross Smyth-Kirk, agreed a union between the clubs was worth investigating. Ï believe this is a move that will benefit racing in NSW for all participants,” Mr Greene said.

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Sydney Olympic Park. Master plan forecast

The Sydney Olympic Park Draft Master Plan 2030 forecasts a daily residential population in 2030 of 14,000, a working population of 28,500 and 5000 students. Today the park is home to more than 60 businesses and 6000 workers, and in the past two years more than $276 million worth of projects have been approved, ranging from commercial buildings and hotels to a child care facility.

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