The Toowoomba foundry site has gone under contract for sale. All three property parcels have been snapped up by the buyer believed to be Bunnings.
The Toowoomba foundry site has gone under contract for sale. All three property parcels have been snapped up by the buyer believed to be Bunnings. Contributed

Hardware giant Bunnings may be eyeing off foundry site

TOOWOOMBA businessman Craig Stibbard said Toowoomba Regional Council should be more transparent about its involvement with the former foundry site on Ruthven Street.

Speculation has been rife since it was announced the prime 5.3 hectare property, which lies on the corner of Ruthven and Bridge Sts, was under contract, paving the way for a major retail development.

I have heard Bunnings is looking at the foundry site

Several sources have told The Chronicle the site is earmarked to house the city's second Bunnings warehouse.

Mr Stibbard, who is the owner of Craig's Highfields Home Hardware, said he had been told the multi-national company was the new owner of the site.

"I have heard Bunnings is looking at the foundry site," Mr Stibbard said.

"I was told it was Bunnings by a well-placed source.

"It concerns me council has had something to do with it. What . . . is their involvement?

"Why is council encouraging big business at the expense of small business owners?" he said.

Bunnings general manager of property Andrew Marks would neither confirm nor deny the rumours.

"Bunnings currently has one warehouse in Toowoomba and a trade centre," Mr Marks said.

"We've been part of the Toowoomba community since 2001. Over the years we have invested over $25 million including moving to the new Bunnings Warehouse in Toowoomba West in 2007.

"We've been looking for a second warehouse for some time and we would consider opening another store there in the future if the right opportunity becomes available."

Does Toowoomba need another Bunnings hardware store?

This poll ended on 03 July 2013.

Current Results

Yes

31%

No

68%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.

The Chronicle contacted several councillors and business leaders in relation to this story.

None of them were willing to go on the record. However, they did confirm Bunnings was involved.

Mayor Paul Antonio said he would not comment on confidential matters.


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