Archive for May 2015

Westpac banker sacked over affair!

There was a very funny story in the Australian Financial Review yesterday, about a Westpac Bank manager who was sacked for lying about an affair with a female subordinate.

Well, funny when you know what goes on at City Tatts.

The affair between the 36 year old married manager and the personal banker started in February last year but it was not until after it ended that he decided to tell a supervisor. Incidentally, he joined the bank as a teller two years after finishing high school and worked his way up over the next 16 years to bank manager.

According to colleagues, the couple “arrived at the branch together, they had lunch together, and they spent a lot of time in each others offices, and left the branch together at the end of the day”.

When his supervisor questioned the frequent meetings behind doors, the manager said he spent time with Ms A “to help in her development for a new home finance role” and the door was faulty. He also “positively advocated” her promotion and an increase in salary from $58,000 to $90,000.

Westpac were not quite ready for this kind of advanced management coaching, so they sacked him.

At City Tatts he would have been given a bonus.

 

Save City Tatts Committee

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Airhead Development Update by Tweedledee – May 2015

Dear Remaining Members,

At the recent Brief Members’ Meeting, and as you may have read in the crime reports, we have anointed ICD Property and/or Sinclair Brook (we’re not sure which) as the Second Preferred Developer for the proposed redevelopment of the first development. This follows a four month Expression of Incest process mismanaged by our property spruikers Colliers National.

No interest was received from leading property developers, which is why we had to go to Melbourne to find one. As we admitted, we also explored other development opinions with neighbouring property owners. Payments were made to a range of “independent” consultants, including lawyers Bartier Perry, accountants RSM Bird Cameron, valuers Preston Rowe Patterson, and Jones Lang Lasalle which turned a blind eye to all the corruption.

The propaganda by ICD Property and Sinclair Brook together with their archives, offered the greatest benefits to consultants. These include greater flexibility to reduce members’ facilities, a copy of the Mirvac design, increased loading accidents and a cash payment to Colliers.

If it was ever completed, the development would provide the Club with the same space it has now, a more expensive restaurant, and a $100 million profit to the developer.

There will also be approximately 250 apartments that will be sold by the developer, which is the only reason we are doing it.

The Second Preferred Developer team (Mo, Larry and Curly) has no experience in high rise projects, because they have just started. It has demonstrated that it understands the committee’s objectives, the importance of perverting our heritage buildings and the need to retain the Club’s army of consultants.

The Council told us to withdraw the original Development Application and to submit a new Stage 1 Development Application that actually addresses the issues that have been raised, rather than issuing useless propaganda to members that conceals the problems.

We intend to enter into a six month period of silence with the development team while we prepare a documentary for SBS, which we hope to show in Mount Druitt in July 2015.

Assuming final Council approval by the end of 2020, construction is unlikely to start before 2040, with completion in 2060. If the Second Preferred Developer ever comes up with an actual design (which they haven’t done so far) any remaining members, or their descendants, will vote on the project.

There was no feedback at the recent Brief Member’s Meeting because members have grown tired of my lies. To view the real information about this scheme visit Save City Tatts website (savecitytatts@wordpress.com).

The proposed development will strangle City Tattersalls Club and make it a moronic destination in the centre of Sydney, and will increase our dependence on bank loans by providing an array of fees to existing and new consultants. These will drive away local, interstate and international members, just like when we closed the smorgasboard, and will ensure our Club has no future.

Yours Dishonestly

Tweedledee (Patrick Campion)

Chief Liar

City Tattersalls Club

We were warned about Colliers in 2012

Property market observers warned us about Colliers from day one.

We were always told that Jon Chomley’s real role was to transfer City Tatts’ site to a developer under Tony Guilfoyle’s direction.

That is exactly what is happening now and would also explain why that other Colliers sleazeball, Robert McCuaig, was at last week’s members meeting.

You can see why this latest scheme was too much for Wendy Fisher.

And what does James Kennedy, the man who is paid to protect members’ interests, have to say about this?

Nothing.

Wouldn’t Colliers dealings be fraud – you know, … obtaining a financial advantage by deception etc ….?

And where is the Office of Liquor, Gaming & Racing?

Off chasing greyhounds!

Save City Tatts Committee

Did Colliers award the contract to themselves?

City Tattersalls Club has been “a friends place” for quite a while now.

Whether it’s the club’s architect also designing Tony Guilfoyle’s house and motels, or an art gallery being paid by the club for displaying paintings on which the gallery takes all the profit.

Well this just might have gone to a whole new level.

The latest attempt to profit from the club’s land has been granted to a Melbourne property middleman that no one in Sydney has heard of.

Actually, that’s not quite right.

You may not have heard of them, but Colliers have. In fact this property middleman lists Colliers as one of their partners.

Remember, Colliers are paid to find a developer and assess any proposals received.

Wonder if it was a difficult decision to award it to themselves?

But then, maybe they were the only one to submit a proposal.

Save City Tatts Committee.

What deal has been done with ANZ Bank?

There was one item missing from the Australian Financial Review coverage of the latest City Tatts property plan, and also from the Club’s presentation to members.

What deal has been done with ANZ Bank?

Mirvac dropped the whole project because they couldn’t reach agreement with ANZ Bank. So the only conclusion is that anyone else who wants to do anything will have to reach agreement with them.

In fact, it was the Financial Review who ran a story about this recently. So it was the obvious question to ask Tony Guilfoyle when they spoke to him last Wednesday.

Maybe they just forgot.

Save City Tatts Committee

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New “team” lacks everything they wanted in a developer!

Many people have commented that City Tatts looks more like The Twilight Zone every day.

The latest “team” to attempt a property development on the Club’s site is a good example.

Do you remember why Mirvac were chosen as preferred developer in December 2013?

If you can remember the presentation to members at Airhead Development Meeting No. 3 you may recall that Mirvac got the nod because:

  • They understood City of Sydney Council requirements
  • They already had everything needed in-house to design and build it themselves
  • They were experts at building in Sydney CBD
  • They had the financial strength to complete it

Leaving aside all the hype, one of the few definite facts about Mirvac was that they really did have some experience of building in Sydney CBD and dealing with City of Sydney Council.

The new “team” announced this week has none of the attributes they said they wanted in a developer!

This motley crew from Melbourne would have been dismissed on sight a year ago. In fact, no one in Sydney property has ever heard of them. But now things are so desperate anyone will do.

But you have to wonder if this lot are really going to develop anything, or are they just there to give the appearance that things are moving forward before they on-sell the deal to a real developer – like Grocon or Stockland…. or David Jones.

Save City Tatts Committee

Report on Airhead Development Meeting 28 April 2015

We’ve had a few reports from the latest Airhead Development Meeting.

By all accounts it was the usual mix of excuses, lies, deception with some farce.

Pat Campion kicked off the meeting with nonsense like “we always said forecasts were subject to change…” and similar excuses for why everything he has promised members has ended in complete failure. Incredibly, he then said there “was every reason to be confident” about the latest plan. If the last 2 years has told us anything it can only be to expect more failure.

Then he outlined a new proposal which looked just like the old proposal, only with less chance of ever happening since a much weaker team is going to attempt it.

Then that miserable spruiker John Chomley (from Colliers) tried to talk up the new team. But it was obvious that nobody had ever heard of them.

Next, Tony Guilfoyle summarised the sorry saga of the DA application. Even with him leaving out almost all the important information it was clear it had stalled, with major objections from Council still to be resolved. Incredibly, he then admitted that they were going to withdraw the DA application and submit a new one!

Finally, that hopeless KPMG fraud, James Kennedy, (now with Jones Lang LaSalle) spoke for a few minutes and offered a few meaningless statements that provided no assurance of any kind to members.

But there was one moment of pure City Tatts farce. As Campion was reading down one slide he came across a statement that could only have been written by Tony Guilfoyle to be given to the media the next day: “The Club briefed members yesterday and the feedback was overwhelmingly positive” !!! This was too much even for a compulsive liar like Campion, but the members thought it was hilarious.

Save City Tatts Committee

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