Officials knock back Central Reserve bid Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Colac Otway Shire Council hopes to receive almost $5-million to transform Central Reserve. Contact the authorby Aidan Fawkes January 16, 2012 A $1.25-MILLION upgrade to Colac’s Central Reserve is on the verge of collapse. Unlock full access to Colac Herald - Subscribe today! Subscribe Now Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Tags: Colac Otway Shire Council, Football