THE Indigo community might lose a multi-million dollar cycle tourism and entrepreneur incubation development because of an inability by Beechworth’s Mayday Hills’ owners to deliver a secure land title for the linked projects.
Businessmen Clayton Neil and Matt Pfahlert are looking for a new site for their Beehive Project – which the pair expects will create up to 90 new jobs and yield more than $5 million a year in fresh economic activity for the North East.
They had long planned the development of a tourism and training hub for cycling and an associated Australian Centre for Rural Entrepreneurship at the former Beechworth lunatic asylum.
With investors, they had negotiated with Mayday Hills’ owners Geoff and Tess Lucas, and George and Sue Fendyk the purchase of 12 heritage-listed buildings within the 106-hectare grounds.
But Mr Neil said on Monday that the Fendyk-Lucas partnership had recently notified the pair of a decision to terminate the sale contract for the properties.
These included four historic houses on the site and the three principal east-west wings of the former asylum’s main building.