Mt Buffalo Chalet re-opens under a ‘community enterprise model’
The Minister for the Environment and Climate Change, Gavin Jennings today announced that a north-east-based company, Mount Buffalo Community Enterprise Pty. Ltd (MBCE), has been set up to investigate a community enterprise model to take over the lease of the Mt Buffalo Chalet.
Following an 18 month tender process to find a new operator, MBCE has entered into a 12 month ‘exclusive negotiation period’ with Parks Victoria to explore the community enterprise potential for the Chalet.
Social Traders is one of the 16 foundation shareholders in the fledgling company. It is chaired by John Brown from Brown Brothers Wines in Milawa. Also involved as shareholders are Tom O’Toole from the Beechworth Bakery and former Deputy Prime Minister Tim Fischer of Mudgegonga, previously Boree Creek.
At the Company’s inaugural meeting held at Mt Buffalo Chalet recently, its Chairman, John Brown, said: “This is an exciting and innovative project for our region. It’s something that all the communities of the Alpine Valleys and North East can be involved in.”
David Brookes, Managing Director of Social Traders said, “The proposed redevelopment of the Chalet by the North East community has the potential to create an iconic social enterprise for Victoria and we welcome the opportunity to support the business planning process over the next 12 months.”
If, as a result of the feasibility assessment and business planning over the next year, they decide to proceed, MBCE will need to look at capital raising options that will enable others to invest in the MBCE.
For more information and to keep in touch with developments, visit the MBCE website:
Further information contact:
MBCE Media Coordinator
Ph: 0459 281 814
Via Social Traders e-bulletin.