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Eco-village group raises $3.5 million
The Sydney Coastal Eco-Village group has raised more than $3.5 million in its bid to purchase the Agricultural Research Station at Narara NSW for its eco-village project.
On July 29, the group was still urgently seeking more contributions.
The group has formed a co-operative with 26 members, made up of singles, couples and families (nearly 60 individuals) that plans to undertake the community title development of the site.
Individual blocks in the eco-village are expected to cost $250,000 for purchasers of the initial release.
"Ideally we'd still like to be able to get to $5m," said core team spokesman Mr John Talbott.
"But first we really need to get to our minimum target of $4m as soon as possible.
"At least at that level we can get our offer in before it's too late.
"The competing bid has been recommended and is now just waiting on two Ministers to sign it.
"We are over our deadline and really are risking losing the chance.
"Many people have also told me that they will have additional funds available in November but can't commit to it right now for various reasons.
"I think it's quite likely when we come to the settlement date we'll have more than we need."
The group is seeking as many people as possible to support its bid, with a minimum of $20,000 now "and the balance in mid-November".
For further information, contact John Talbott at This email address is being protected from spambots. You need JavaScript enabled to view it. .
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