By ERWIN CHLANDA
The Aboriginal owned investment company Centrecorp is buying the Memorial Club building (pictured) most of which has stood empty since the club went into voluntary administration in March 2012.
According to a well informed source, who spoke to the Alice Springs News Online on the condition of not being named, Centrecorp outbid the Central Australian Aboriginal Congress (CAAC) which is one of Centrecorp’s three shareholders.
The Central Land Council owns three shares. CAAC and Tangentyere have one each.
The source says it understands CAAC would have moved the bulk of its operations from its current major premises further south in Gap Road to the “Memo Club”.
The Alice Springs News Online invited Centrecorp to comment but it declined to do so.