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  Issue No 82 Official Organ of LaborNet 20 December 2000  

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News

New Life for Trades Hall


The NSW Labor Council has announced a major restructure of its assets, selling its radio station 2KY to the TAB for $25.3 million and announcing a $10 million upgrade of the historic Trades Hall.

 
 

Sydney Trades Hall

Labor Council secretary Michael Costa says the 2KY license would be sold with the proceeds reinvested in the labour movement. Property assets within the 2KY group, valued at approximately $15 million would be transferred to the Labor Council

The Council will remain in broadcasting through the retention of its other AM licence - 2KM - currently broadcasting on 1630. 1630 would be a valued asset once digital technology was introduced. Costa says its planned that 2KM will broadcast as 'The Voice of the Workers" with music and current affairs sympathetic to the traditions and principles of trade unionism. "In a sense, this deal allows the Labor Council to return to its original aims in broadcasting," Costa says.

Part proceeds of the sale will be used to restore the historical Trades Hall building, which sits at the entrance to Sydney's Chinatown. The heritage-protected building would be refurbished, with a new auditorium as well as office and retail facilities. The cost of the refurbishment has been estimated at $10 million. The Labor Council also planned to retain its Sussex Street property.

Assistant Secretary John Robertson, who oversaw the Olympics construction project for the trade union movement, will project manage the development on behalf of the Labor Council, in partnership with a leading developer.

The balance of the proceeds will be invested in a special purpose fund, which will ensure the financial viability of the Labor Council into the future. The deal has been approved by the Labor Council's Finance Committee and needs the final approval of the Labor Council at its Annual General meeting in February


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*   Issue 82 contents

In this issue
Features
*  Interview: Being Michael Costa
Labor Council�s secretary on the 2KY sell-off, the Olympics and his plans for the future.
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*  Unions: Millennial Milestones
In a year of highs, some trade union stories stuck in the collective consciousness. Here's ten of the best.
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*  International: Eric Lee's Year in Review
The editor of Labourstart looks back on the global issues that mobilized labour in the past 12 months.
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*  Organising: Dispatches from the Field
Despite the 'Botsmanesque' critiques which have been levelled at Organising, it would be hard to deny that the year 2000 has seen more and more unions in NSW latch onto the approach - at least in principle anyway.
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*  Economics: Who Gets Gold??
At the end of this Olympic year, Sydney Uni's Frank Stilwell charts the winners and losers in the new sport of redistribution of income.
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*  Politics: Election 2000: The Winner is Gridlock
In the last in his series on the US Federal Election Campaign, Michael Gadiel, our roving reporter, gladly signs off.
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*  Satire: Chaser Launches Book
In the great tradition of repackaging old material to cash in on Christmas, the team from The Chaser & Silly 2000 has produced its first book.
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*  Review: Cultural Wasteland
The spotlight was on Australian culture in 2000. But was it a missed opportunity, asks Peter Zangari.
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News
»  Mad Monk's Secret Union Past
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»  New Life for Trades Hall
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»  Top Cop is Our Organiser of the Year
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»  All We Want for Christmas
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»  Summer for Social Justice
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»  Unions Return to Mosh Pit
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»  Unions Head West
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»  Big Bastard Censors Dissidents
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»  South Coast Labor President Steps Down
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»  As a Died in the Wool Westie Steps Up
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»  Dying Workers' Asbestos Plea
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»  Workers at Centre of Turn Of the Century
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»  Truth about S11 Starting to Come Out
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Columns
»  The Soapbox
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»  The Locker Room
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»  Trades Hall
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»  Tool Shed
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Letters to the editor
»  The Greatest Team Ever?
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»  ABC Online Did Strike
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»  Why Nader Vote was not Wasted
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»  John Scrooge's Christmas Gift
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