Tourism Tasmania chairman James Cretan has denied there is a conflict of interest in him being the half owner of a company heavily invested in the Mount Wellington Cable Car project, which is being fast-tracked by the Government.
In November last year, Mr Cretan’s Tucre Pty Ltd bought 250,000 shares for $312,500 in Mount Wellington Cable Car Company, which is behind the latest version of the long-running and hotly-debated tourism vision.
Four months after Tucre’s share buy, the Tasmanian Government announced plans to compulsorily acquire land on Mount Wellington to help the project “proceed through the planning process”, Tasmanian State Growth Minister Matthew Groom said at the time.
Tourism Tasmania is the Government’s tourism marketing agency.
On its website, Mr Cretan’s profile makes no mention of Tucre or the significant investment in the cable car project …
