MegaBanner-Right

LeaderBoad-Right

LeaderBoard-Left

Home ยป Industry News ยป Building Construction Infrastructure & Development News ยป City welcomes final settlement of River Club matter

City welcomes final settlement of River Club matter

The City of Cape Town has accepted a settlement offer by the Observatory Civil Association for the complete and final cessation of all legal action in relation to the River Club development matter. In terms of the settlement, the OCA will make a contribution to the legal costs of the City.

โ€˜The City is pleased with this outcome and the clear message it conveys – that the City will always vigorously defend planning decisions taken correctly, and will act to protect Cape Townโ€™s reputation as a leading global investment destination,โ€™ said Mayor Geordin Hill-Lewis.

On Tuesday, 16 May 2023, the Supreme Court of Appeal refused the Observatory Civil Association (OCA) permission to appeal the Western Cape High Courtโ€™s order dismissing the OCAโ€™s application to interdict the River Club development. The River Club development is now proceeding based on the conditions of its planning approval, along with the major economic, environmental and heritage benefits for Cape Town and its residents.

Benefits of the River Club development include:

  • rehabilitating a portion of the Liesbeek River
  • creating high-quality green open space
  • establishing heritage infrastructure in partnership with First Nations groups
  • creating more than 5ย 200 construction jobs and approximately 19ย 000 employment opportunities
  • establishing public transport infrastructure
  • injecting R4,5 billion of direct investment into the local economy; and
  • delivering new residential accommodation, including affordable housing
To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

If the prime lending rate is phased out, what does it mean for consumers?ย 

If the prime lending rate is phased out, what does it mean for consumers?ย  By Therese Grobler, Head of Wealth Management at Momentum Financial Planning For...

How to Use a Voltage Tester: An Essential Guide for Electrical Safety and Efficiency

How to Use a Voltage Tester: An Essential Guide for Electrical Safety and Efficiency Fluke Electrical Application Note ย ย ย ย  Voltage testers are valuable tools for professionals...

MUST READ

SEW-Eurodrive sets the pace with power packs in African mining

SEW-Eurodrive sets the pace with power packs in African mining Comprehensively supporting the mining sector with commodity-specific drive train solutions, SEW-EURODRIVE has cemented its reputation...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.