The Committee has found the Allan Labor Government failed to provide any cost-benefit analysis to justify its decision, despite repeated requests and the enormous social and financial implications for the Victorian community.
The report also exposes "flawed and confusing" consultation processes, with evidence that tenants were "pressured into signing relocation agreements without independent advice."
It further highlights that the towers had been allowed to deteriorate over time, amounting to a "managed decline" in living standards that fuelled the Labor's case for demolition deliberately creating conditions resembling "ghettos".
Labor's mismanagement will displacing thousands of vulnerable residents with no certainty of return in the middle of a housing crisis.
Shadow Minister for Housing and Building, David Southwick, said: "Minister Shing has released just 12 of 158 documents relating to the use of public land and expects Victorians simply to trust that the Government is doing the right thing. Who are they kidding?"
"The Government expect Victorian taxpayers to write them a blank cheque with no idea about what will be delivered, what it will cost, and how it will fix the housing crisis and the record level of waitlist applicants."
"How can Victorians have any confidence in this Government when it continues to operate under a veil of secrecy? Until the Minister comes clean with a cost benefit analysis, the project should not proceed."