'Mood of disarray' to blame for lack of local investment ...

From ABC News:

'Mood of disarray' to blame for lack of local investment

27 October 2006

A critic of Toowoomba's water recycling plan has dismissed predictions the local housing market will suffer because the project was rejected in a referendum.

In July, residents rejected a proposal to add recycled effluent to the city's drinking supply.

Real estate expert Michael Matusik says the current water shortage and the referendum are starting to have an effect on potential home buyers.

But councillor-elect Snow Manners says that is a long bow to draw.

"What is affecting the market is the very bad reputation that Toowoomba got across Australia," he said.

"If I speak with my industry colleagues a lot of investors are a little reluctant to invest in Toowoomba whilst there is a mood of disarray in our water situation and within the decision making of the council."

See - ABC News - 'Mood of disarray'.