The Stage Government has announced that the $2 billion Brisbane Live new entertainment arena will be placed in the heart of the city and will now start sounding the market, as the project forms part of the bid for the 2032 Olympic Games.
Announced also was the start of public consultation for a Precincts Delivery Strategy that will look into further detail of how best transform the city through the $5.4 billion Cross River Rail project. Annastacia Palaszczuk, the Premier of Queensland outlines that private section investment of significant proportions can be leveraged, by unlocking under-utilised land in the heart of the city.
“Brisbane Live has the potential to deliver 450 jobs per year during construction, with 1000 jobs in the peak year and 600 ongoing jobs once operational”. “Everyone wants to see a new, world-class arena in the heart of Brisbane and through this strategy, the Cross River Rail Delivery Authority will now launch market sounding to attract the best concepts from the private sector”.
“Roma Street is one of seven sites that was investigated as a potential location through the detailed business case development”, the premier said.
Kate Jones, Minister for Cross River Rail and Tourism outlined that the strategy said the Precincts Delivery Strategy would provide development opportunities at the five new high-capacity stations at Boggo Road, Woolloongabba, Albert Street, Roma Street, and RNA Showgrounds (Exhibition).
“The Delivery Strategy we’re announcing today will see up to 22 hectares of prime real estate in the heart of Brisbane revitalised”. “Expert analysis shows the Cross River Rail Precincts could help generate up to $20 billion worth of new economic development and around 35,000 new jobs”.
“Brisbane Live, a new world class arena is a great example of the new assets Brisbane could gain through this precinct strategy. Globally we know these types of venues next to a new underground high-capacity train station with connections to other public transport modes re-invigorate the entire area”.
“The new Cross River Rail stations will connect people, communities and businesses providing opportunities for a wave of economic growth, development and investment, boosting our economy and creating jobs,” Ms Jones said.
Five New Precincts
The strategy announced today includes different themes for each of the five precincts:
1. Exhibition station precinct will accelerate the area’s urban renewal creating a connected health, housing, and recreation hub.
2. Roma Street station precinct will become the western gateway to the City’s premier cultural and entertainment offerings.
3. Albert Street station precinct will be the stimulus for a city heart transformation
4. Woolloongabba station precinct will become a vibrant centre for community, sport, and health
5. Boggo Road station precinct will develop further into a world-class innovation precinct, specialising in research, health, science and education jobs of the future.
As the new stadiums at Roma Street and possibly Albion Rail Yards are discussed, questions are raised about the redevelopment of the existing indoor stadium at Boondall and how it can include improved functions, access and utilisation with the existing rail station.
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Media Statement: Brisbane Live goes to market
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