Uncertainty surrounding the completion date of the Cross River Rail project and the location of venues for the 2032 Olympic and Paralympic Games has caused delays in urban renewal plans for four Brisbane sites.
Ongoing uncertainty over the completion date for the Cross River Rail project and the location of venues for the 2032 Olympic and Paralympic Games has delayed urban renewal plans at four Brisbane sites.
The state-owned Queensland Investment Corporation secured the development rights in 2021, when it vowed to generate billions of dollars for the government, and stimulate the city’s economy, through the construction of housing, hotel, hospitality outlets, commercial premises and education facilities. However, most of QIC’s masterplans, covering the government’s priority development areas that allow key projects to be fast tracked, are still in draft form.at Roma Street Parkland, anchoring that urban renewal project, and what it will do with the Gabba and the QIC site opposite it.will report back to the Crisafulli government in March, ahead of the LNP handing down its first state budget in June.
QIC also took the opportunity to add another 25 bicycle parks and two more lockers, with the tower still promising to rejuvenate the link between the Queen Street Mall and Botanic Gardens.
Brisbane Urban Renewal Olympics Cross River Rail Queensland Investment Corporation
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