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Barangaroo Casino More from ABC VideoConcerns sparked over Packer's Barangaroo plans
The inquiry has heard that ANZ closed the accounts in after they were used for a series of cash deposits indicative of money laundering.
Crown did not review the suspicious transactions, but opened new accounts with the Commonwealth Bank. CBA shut the new accounts last year after they were also used for a string of suspicious cash transactions.
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Anger continued to fester. The park stretching the length of the foreshore was officially dead. It said more effort should be made to build affordable housing for key workers — Lend Lease had set aside 2.
In May Keating again let loose at Moore, after she lodged in the NSW parliament a petition with 11, names calling for an inquiry into Barangaroo.
At one level it will be admired as an ambitious project which kick-started a new wave of urban regeneration for Sydney, a showcase of sustainability and an integral part of the fabric of the city.
On the sidelines the entire time, watching, biding his time and lobbying intensively was the media-heir-turned-casino-magnate billionaire James Packer.
Packer kept the paper on a drip feed of leaks during his campaign, which kicked off in February with his announcement that he wanted to build a six-star hotel at Barangaroo.
Packer promised to allow only appealing gamblers through the doors — rich ones. There would be no pokie machines; no great unwashed gambling away their wages.
Lend Lease began backing away from the hotel on the water in , and in announced they were working on a plan with Packer to combine a six-star hotel resort with his proposed casino, but the exact location was still being decided.
Then, in what was either a show of arrogance or a masterstroke of strategy, Packer proposed the hotel and casino should be put on Barangaroo Central — the part of the site designated as park and cultural space.
Packer was shameless in his pitch, even attempting to mine the alleged competitiveness between Melbourne and Sydney.
And why? Sydney had no Crown casino and hotel. Melbourne, of course, has a Crown casino and hotel. Packer spruiked the six-star hotel as his real interest and the casino as a necessity, begrudgingly shouldered.
A report by Tourism Accommodation Australia in found Sydney needed to add 5, rooms in less than 10 years to keep up with demand, and Lend Lease said in it had plenty of interest from potential partners wanting to develop the hotel at Barangaroo.
But suddenly, according to Packer, a high roller casino was needed to make the hotel financially viable. Serendipitously, he happened to be in the casino business as well.
By June Packer had hired Karl Bitar and Mark Arbib, both previously senior figures in the NSW Labor right faction.
Coonan resigned from the Senate in and a few days later took up an offer from Packer to sit on the board of Crown. Documents relating to it, such as the cost-benefit analysis, were kept top secret until the last possible moment.
Submissions were invited on the Lend Lease proposal which incorporates the casino, but the current planning minister, Rob Stokes, decided there was no need for public hearings before the department made its recommendation, and instead appointed an independent panel to assess it.
A public meeting will be held by the Planning Assessment Commission before the final decision is made. Packer went down the unusual route of approaching the NSW cabinet directly, using the unsolicited proposals process.
The process was introduced in January — a month later Packer announced his casino proposal. Legislation kept lining up for Packer in that kind of way.
On 6 September Packer formally lodged his proposal. A tender did not go out for a second Sydney casino licence.