A payment disagreement between James Packer’s Sydney casino partner Lend Lease and the New South Wales government has delayed the controversial Barangaroo development.
The Crown Resorts-led $1.5bn hotel and casino project is on ice while developer Lend Lease and the government discuss the final payment required once the development is complete.
A court ruling in favour of Lend Lease three months ago has the government concerned about costs for public infrastructure at the Barangaroo site, with the state trying to shore up end payment requirements for Lend Lease. However, there is currently no end date for settlement talks with the ASX-listed developer.
