Liberals must explain secret lease deal with Larry Kestelman

Labor is calling for the Liberals to explain the secret deal to lease MyState Bank Arena to a billionaire for less than a family pays to rent a home in Glenorchy.

The $175,000 cashback arrangement which facilitates the deal of the century was never disclosed by the Government.

Over the period of the lease, it is effectively a $10 million gift to billionaire.

LK Group’s exclusive cash-back offer only appeared in an “Amending Deed” relating to the lease of the facility dated 7 June 2021.

The Liberals must come clean on:

• How can they justify leasing one of Tasmania’s premier sporting assets for less than a family in Glenorchy pays to rent a house?
• Why the cash-back offer wasn’t in the original lease, but was included in the amending deed?
• How did it come to be included?
• What advice was received before agreeing to the cash-back’s inclusion?

The entire Wilkinson’s Point saga is emblematic of a staggering pattern of secret deals, governance failures, and a disregard for taxpayer money under the Liberals.

The decision to lease MyState Bank Arena to a billionaire for a pittance arguably stinks the most, and Tasmanians deserve answers.