Oct 13, Brisbane

A funding rescue package from a foreign bank will finally result in some building activity on the stalled Vision Tower site in Brisbane's CBD, developers have promised. The Bank of Scotland, a mortgagee for the troubled $1 billion skyscraper project, has thrown developer Austcorp a financial lifeline with funds to bail it out of a $500,000 unpaid council rates debt. The company said today an unspecified sum...more