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Victoria Square set for a facelift

On Jun 07 2012
Tagged as:
  • SA


Opportunities for property investment in the Victoria Square area of Adelaide could soon improve, ...

Opportunities for property investment in the Victoria Square area of Adelaide could soon improve, as money has been set aside from the state budget to regenerate the region.

Over the next two financial years, $24 million in funding is being allocated to the project that should bring real advantages to people throughout Adelaide.

"Council's investment will help attract additional people to the Square, increase activity and provide support to the tram service and regular, programmed events," explained lord mayor Stephen Yarwood.

There will also be increased opportunities for commercial real estate, as the local council will strive to attract additional businesses to the square.

It is also expected that the funding will allow a large event space to be built at the northern end of Victoria Square, which should be able to accommodate between 5,000 and 7,000 people.

Adelaide is increasing its number of cultural events, as the green light was recently given to Cirque de Soleil to hold one of its productions in the Park Lands later this year.

The show will feature a cast of 54 performers and has already proved a success in countries all over the world.

 



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