By Rhodé Marshall
22 January 2007
The City of Cape Town says that Cape Town Mayor Helen Zille and Mayoral Committee member for Economic Social Development and Tourism Simon Grindrod are going to sign lease and sale agreements with 13 qualifying bidders for 16 industrial lands in Atlantis on Tuesday.
The City says in a statement that the Atlantis Land is going to be sold to people within the private sector and that the City will be receiving R26 million from the sale of those properties.
The idea behind selling the land is to push economic growth and create jobs for people in the immediate community and surrounds.
The City says they are optimistic about the venture as Atlantis is a community that suffers from high rates of unemployment.
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