THE long wait should soon be over for Coffs Harbour tradesmen awaiting payment for work done on a stalled Park Beach high-rise.
Simcorp’s $13 million Beaches development ground to a halt earlier this year, with sub-contractors and suppliers claiming they hadn’t been paid for work dating back to last year – some owed up to $40,000.
Simcorp boss Alex Simpson yesterday told the Coffs Coast Advocate he would pay all workers and companies associated with the project as well as those owed money for work on the Gold Coast Titans’ Centre of Excellence at Robina.
Mr Simpson said he wouldn’t be able to make immediate payouts because he would have to sell some of his own properties, including the Coffs Harbour project, to do it.
The process of selling off his assets could take three or four months, he said.
“It is not an instant fix by any means,” Mr Simpson said.
He vowed work on the Beaches project would re-start in the ‘next week or so’ and as the units were sold, the profits would go to the sub-contractors.
“The Coffs Harbour construction project has actually stopped at the moment because of our legal battle with the Titans,” he said. “I approached my partner . . . and I want to set it up so that my profits from that development go to the subcontractors and that’s what I’ve offered the subcontractors.
“It’s still going to take some time, it’s not going to be an instant fix, but the alternative is that I just wind the construction company up and walk away which is what many people would do in this situation.”
“I started off as a subcontractor and I had two years off work after an accident in 1988 and lived in a caravan in my parents’ backyard with my wife and child ... so I know what it’s like not having money.”