	{"id":43846,"date":"2020-10-22T00:12:23","date_gmt":"2020-10-21T14:12:23","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/?p=43846"},"modified":"2020-10-21T08:23:33","modified_gmt":"2020-10-20T22:23:33","slug":"developer-hotel-indigo-going","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/developer-hotel-indigo-going\/","title":{"rendered":"Developer tries to keep Hotel Indigo going as land put up for sale"},"content":{"rendered":"<p>THE proposed Hotel Indigo in Torquay is on shaky ground, as the land where it is slated to be built is now on the market.<br \/>\nDeveloper Barnes Capital is not giving up on the project and has headed overseas to secure funding.<br \/>\nOn Tuesday last week, McCartney Real Estate announced they were the exclusive selling agents for the land at 2-4 Geelong Road, across two titles of 1,012sqm each.<br \/>\nThe listing on the agency\u2019s website describes the land\u2019s location, aspect across Spring Creek as well as its frontage onto the Surf Coast Highway as \u201cproviding high exposure and a prime development opportunity\u201d, with an estimated sale price of between $2.4 million and $2.6 million.<br \/>\nBarnes Capital wants to build a five-storey, 128-room hotel on the land, but the Surf Coast Shire council refused to grant a planning permit in May 2019.<br \/>\nThe listing comes less than three weeks before the developer is to argue at the <a href=\"https:\/\/www.vcat.vic.gov.au\/\">Victorian Civil and Administrative Tribunal<\/a> (VCAT) why the council&#8217;s decision should be overturned.<br \/>\nThe money for the project has been delayed by the federal government&#8217;s anti-money laundering checks, and Barnes Capital is seeking to postpone the November 10 hearing at VCAT.<br \/>\nOn Monday this week, Barnes Capital managing director Martyn Barnes said he was &#8220;out of Australia to resolve the issues in relation to the funding&#8221;. He did not specify which country he was in or who was funding Hotel Indigo.<br \/>\n&#8220;Torquay is one project that is part of a significant funding package for our entire portfolio.<br \/>\n&#8220;COVID-19 has prevented me from being able to travel until last week when I was granted permission to depart Australia.<br \/>\n&#8220;I now expect the AML (Anti-Money Laundering)\/KYC (Know Your Customer) matters to be resolved in the coming days now that I\u2019m in the jurisdiction of the funding partner.&#8221;<br \/>\nHe did not answer a question about the continuing community opposition to Hotel Indigo, which includes a crowdfunding campaign to pay for legal representation at the VCAT hearing.<br \/>\nLaunched on September 30, the campaign has raised $6,300 of its $30,000 target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE proposed Hotel Indigo in Torquay is on shaky ground, as the land where it is slated to be built is now on the market. Developer Barnes Capital is not giving up on the project and has headed overseas to secure funding. On Tuesday last week, McCartney Real Estate announced they were the exclusive selling [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/developer-hotel-indigo-going\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":142,"featured_media":43848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-43846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Developer tries to keep Hotel Indigo going as land put up for sale - Surf Coast Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/developer-hotel-indigo-going\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developer tries to keep Hotel Indigo going as land put up for sale - Surf Coast Times\" \/>\n<meta property=\"og:description\" content=\"THE proposed Hotel Indigo in Torquay is on shaky ground, as the land where it is slated to be built is now on the market. Developer Barnes Capital is not giving up on the project and has headed overseas to secure funding. On Tuesday last week, McCartney Real Estate announced they were the exclusive selling [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/developer-hotel-indigo-going\/\" \/>\n<meta property=\"og:site_name\" content=\"Surf Coast Times\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-21T14:12:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/2\/2020\/10\/Untitled-design-4-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"James Taylor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Taylor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/developer-hotel-indigo-going\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/developer-hotel-indigo-going\\\/\"},\"author\":{\"name\":\"James Taylor\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#\\\/schema\\\/person\\\/c1765be3a722a2023e6ce64487db8b45\"},\"headline\":\"Developer tries to keep Hotel Indigo going as land put up for sale\",\"datePublished\":\"2020-10-21T14:12:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/developer-hotel-indigo-going\\\/\"},\"wordCount\":354,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/developer-hotel-indigo-going\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/2\\\/2020\\\/10\\\/Untitled-design-4-3.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/developer-hotel-indigo-going\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/developer-hotel-indigo-going\\\/\",\"name\":\"Developer tries to keep Hotel Indigo going as land put up for sale - 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