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Frankston's Luxury Tower, Empty Shops: Balancing Penalties & Incentives

Published 1 week, 1 day ago
Description

Frankstons luxury apartment project, Solene, is making waves, but the suburb faces a different challenge: high commercial vacancy rates. The council plans to triple property rates for empty stores, while also proposing a special economic priority area to the state government, offering incentives like land tax breaks and payroll tax reductions. However, landlords and business groups oppose the rate hikes, highlighting the complexities of revitalizing Frankston.

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