Talking about wasting money, what does this tell you about Badgerys Creek…..

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The Blue Mountains council is being attacked from the inside on a couple of points at the moment, not least about the $130,000 that has been used to fund the ‘anti airport’ campaign. This is particularly sad as the attack is coming from people who voted in support of the very decisions they are now disputing (which include but are not limited to the airport spend). There defence is that ‘this is just politics’ but in defence of my disgust for this type of behaviour I’d say that this is the very reason the two major parties are losing ground and becoming irrelevant – a situation that would not necessarily be an issue if it weren’t for the fact that the gap in our political landscape is largely being replaced by parties with much more extreme agendas (maybe that’s what they want…).

There is another sub-plot to the councils financial management story going on too, along the same lines of financial management/ priorities but not as ‘pro Badgerys’ as the others but I’ll save that for another day.

Anyway, on the subject of wasting money we have exhibit A, the share price for Sydney Airport Pty:

sydney-airport-stock-price

This charts the movement of Sydney Airport Stock price over the last two years. Oct 2015 – Badgerys Creek EIS announced, share price dances around in an upwards direction. September – share price drops from 7.5 to 6.5 – over 13% fall as the final EIS is announced (maybe they saw how unimpressive it was, just like we did). Jan 2017 – share price is 5.89 which is just below what it was before the initial EIS was unravelled in October 2015.

This update was brought to you by a graph of what actually happened rather than the spin the Telegraph like to shove down our throats.

The data is available here for anyone who likes to analyse it for themselves 🙂 https://au.finance.yahoo.com/echarts?s=SYD.AX

The fact that this airport proposal looks to be financially dubious and that the information provided by the government has failed to drive up the share price of Sydney Airport at this point gives me some degree of hope that they are seeing what we see.

It is all so easy to write off protesters and those in opposition to a big project like this as being anti-progress,  short-sighted, change-phobic,  romantic, out-of-touch or otherwise but I beg to differ. Sure I’m against the airport for a range of environmental and lifestyle reasons some of which may seem frivolous but at the end of the day I’m also against this airport because financially it doesn’t look to be stacking up.

Australia is not Europe or Asia and has never been on an international trade route.  Our geographical isolation is the reason for our rich cultural heritage, the diversity in our plants and animals and our exotic appeal. Neither do we have the geographical infrastructure to become like the Americas (which are only 7 hours from that other mega-business centre of Europe), we are a large dry country full of desert.

I believe that the whole of Australia will have a much brighter and more prosperous future once it stops trying to become something it is not and embraces everything it is. Badgerys Creek is, in my view yet another attempt for us (Sydney) to compete with Asia when in reality it might just as well leave us broke, hot and living in high-rise boxes that line a road to nowhere.

So, I implore my Blue Mountains councillors to stop, think and look at what is going on here.  We can do better, we might even be able to lead the way in this but to do that will take bravery and bravery starts with acknowledging the truth.

 

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