Brisbane ratepayers spend $132 million buying back bus depot they used to own
FriFriday 26
updated
FriFriday 26
FebFebruary 2021 at 5:30am
The site of Sherwood bus depot was purchased by the council in 2009, then sold to private owners who built the current depot
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Brisbane City Council has spent $132 million purchasing a bus depot in Sherwood, after selling the land in 2009 for $21 million and leasing a purpose-built depot from its private owners ever since.
Key points:
Brisbane City Council sold a Sherwood block of land for $21 million after initially planning a bus depot on-site
The depot was built by private owners and leased back to the council in 2012 on a 25-year lease