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flag Frankston Council proposes Victoria's first special economic zone with tax breaks to revitalize the area.

flag Frankston City Council is proposing Victoria’s first "special economic priority area" to boost investment and revitalize its struggling commercial heart. flag The plan includes tax holidays and concessions for developers, aiming to create over 1,100 jobs and 550 new homes. flag However, the proposal faces criticism from experts and landlords who warn that penalties for vacant properties could hurt elderly investors relying on rental income.

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