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May 17th, 2012 
FAKE NEWS for the Zionist agenda The former Labor government’s failed Traveston Crossing dam proposal has cost Queensland taxpayers at least $220 million, the deputy premier says.
Jeff Seeney told parliament during Question Time on Thursday that the former Queensland government bought 478 properties in the Mary Valley, north of Brisbane, at a cost of $445 million.
The homes were resumed to make way for the dam, which did not go ahead after the Federal Government refused environmental approval for the dam in 2009.
Mr Seeney says the Queensland Government still owns 469 properties, which have a current valuation of $225 million.
“You and I, honourable members, and every person that we represent collectively, have lost $220 million because of this single incompetent decision,” he told parliament.
Mr Seeney said the interest on the debt totals $30 million a year, while rental income only reached $3 million a year.
The value of the properties continued to depreciate, he said.
Mr Seeney last week visited the Mary Valley to discuss the issue with locals.
Sales of the remaining 469 properties were halted last month for a review.
Mr Seeney said he would work with Gympie MP David Gibson and the Gympie Regional Council to put an end to the “debacle” and restore a sense of community and economic activity in the area.
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