Why the Baird government will not sell the Commonwealth land to developers for $1 billion

When Baird’s government announced the sale of Commonwealth land in November 2016, it was seen as a way to bolster the economy.

But the land, including the former state-owned airport, has remained in limbo for years.

It is estimated that there are between 50 and 60,000 hectares of Commonwealth property sitting in the private sector.

The sale of the airport and a number of other government assets to private companies, including Melbourne’s Westfield shopping centre, was due to start next year.

But the state government announced it would delay the sale to allow more time for environmental approvals and consultation.