Queensland government unveils revitalisation project
The Queensland government has unveiled new plans to reinvigorate its capital city, selling off some ...
The Queensland government has unveiled new plans to reinvigorate its capital city, selling off some off some pieces of commercial property and developing others.
On May 29, premier Campbell Newman announced that the Administrative Precinct in Brisbane would be set to receive a number of projects worth a total in excess of $2 billion and have the capacity to produce over 18,000 construction jobs.
Mr Newman asserted: "The plan calls for the strategic redevelopment of key sites in George and William Streets with a focus on mixed use functionality including commercial, retail, residential, hotel and cultural amenities.
"Importantly, it will protect and celebrate the heritage buildings in the area including the old printing buildings, Harris Terrace and the Mansions in George Street."
He went on to say that the mixed-use development would be completed over a schedule of five years and would be "delivered at no additional cost to taxpayers".
"It will give the local building industry a much needed shot in the arm and will allow for the rationalisation and improved efficiency of government office accommodation within the Central Business District."