Mr. Paul Maloney:

There were two ways we could have done it. One was to purchase it ourselves. I quickly looked at the independent valuation that had been completed and realised that was not possible. The second way was to do it as a joint venture, which was in our Act and we had done it many times before. I discussed with the chairman some names that I would approach. The criteria for choosing those names were - was the developer trustworthy to deliver community gain; was the developer capable of dealing with one of the biggest sites in the city; and was the developer obviously interested in developing such a site? Also, was the developer someone who had a renowned reputation for delivering high quality developments? Those were my criteria and I came up with very few names that would fit them.