AFTER months of negotiation, Dooleys Lidcombe Catholic Club has reached an agreement with Cumberland Council to buy and close Board Street at Lidcombe for $5 million.
The former Auburn Council agreed to permanent closure of part of Board Street (pictured) adjacent to 10-28 Board Street in October 2014, with the view to selling the land to Dooleys.
Dooleys extended their land holdings in 2016 and in February, the club made an offer of $1.18 million for the land, however an independent valuation put the value at $6.74 million.
Following further negotiations, a sale price of $5.3 million was agreed, less the shared costs of $300,000 in infrastructure works required to close the street.
Dooleys CEO David Mantle said it was an important step forward: "This consolidates the club's landholdings to enable the club to continue to develop its plans for the Lidcombe Concourse project."
Raising an objection to the road closure, former Auburn Councillor Tony Oldfield said he had never supported the sale of the land.
"I acknowledge the work Dooleys does in the community but I don't think that outweighs the cost to the community of gambling," he said.