Launceston Council owns more than 300 properties but kept no inventory
New CEO found the council owns 300+ properties with no records of why or what condition they are in.
When Launceston's new chief executive arrived, he asked for a list of what the council owns. It didn't exist.
Now the City of Launceston is taking stock and planning a 10-year renewal blitz. Nearly 30 per cent of council assets, including roads, bridges, buildings and pipes, are in poor or very poor condition.
To fund repairs, the council plans to take on debt and aims to cut costs. The backlog alone is $25-30 million, from delayed road reseals, playground repairs and roof replacements.
- 300+
- Properties owned
- Nearly 30%
- Assets in poor condition
- $25-30 million
- Maintenance backlog
Why it mattersCouncil assets directly affect the roads you drive on, parks you visit and buildings you enter; neglecting them wastes money and delays essential services.
AustraliaLaunceston residents will see council debt increase and may face harder choices on rates and local services as the council prioritises repairing crumbling infrastructure.
✓ Claims checked against the source. checked 10 d ago
