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Federation square revamp revs up

13 May 2013

Federation square revamp revs up Image

The Federation Square east project progressed last month when the State Government requested industry submissions for the site.

The site has long been touted for redevelopment and the Government has come under fire for its decision to allow commercial development on what will become a public site.

Minister for Major Projects, David Hodgett, defended the decision.

“The Coalition Government is looking to harness the innovation and creativity of the private sector for proposals to develop this important site,” Mr Hodgett said.

He also specified that the government was treating these proposals from industry as research, in particular he was hoping to get feedback on:
Commercial structures;
Ownership structures;
Contractual structures;
The apportionment of risk; and
Costs and extent of any state contribution needed.

“The aim is to find out what is possible and how much interest there is in developing the site. We do not have a predetermined outcome in mind,” Mr Hodgett said.

“This project, like the Flinders St Station design competition, is about finding new ways to revitalise the north bank of the Yarra and better integrate the CBD with both the river and our cultural, sporting and entertainment precincts.”

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