Premier Chris Minns said his government was obligated to negotiate with Crown Sydney over its $1 billion tax guarantee, but no more.
The NSW government is hardening against any reversal of Crown’s $1 billion tax guarantee signed 10 years ago when it secured the rights to the Barangaroo development, with Premier Chris Minns saying he was obliged to negotiate with the casino but no more.
Treasury confirmed it was “in negotiations with Crown about its tax obligations”, but Minns said on Wednesday nobody should assume that would result in the government collecting less tax from the casino. “Crown got the site for next to nothing based on a deal that they would continue to provide tax revenue to the state. For them now to cry poor is really an insult to all Sydneysiders,” he said.
That land is now home to Sydney’s tallest building, containing Crown’s luxury hotel, the casino, restaurants and residential units.
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