Thursday, August 13, 2020

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Home Issue 20 Centrecorp to buy Memo Club building – source

Centrecorp to buy Memo Club building – source

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.

4 COMMENTS

  1. Another landmark building in our town snapped up by wealthy Aboriginal corporations who rake in millions from government to lift their people out of poverty.

  2. I am still fuming at the memo committee for running my favorite watering hole into oblivion. Its a crying shame!

  3. Can’t see how Congress can buy the building outright … where was the money coming from?
    Yes, Dazza, it was a great spot and family orientated. Pity it went down.

  4. Centrecorp don’t help Aboriginal people they are there for themselves. Take a look around and see, do you see any Aboriginal people living in poverty getting money from Centrecorp? No.

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