The old ABC site in Toowong has been sold to Consolidated Property Group for $43 million dollars.
Maiwar state MP Michael Berkman has been urging council and state government to buy back the land since the federal government sold it to a developer in 2006.
Berkman says this would be a good opportunity to convert the 1.5 hectare area into public parkland. The new developers assure they will do plenty of community consultation, and include green space in their plans.