Columns
Residents' Association Image

Residents' Association

We have just come through the storm of the century – apparently
Read more >>

Business in Southbank Image

Business in Southbank

Blockchain is booming!
Read more >>

St Johns Southgate Image

St Johns Southgate

Light in the darkness
Read more >>

Owners Corporation Law Image

Owners Corporation Law

Strata land 2017: The year in review, and predictions for 2018
Read more >>

Montague Community Alliance

‘tis the season to be grateful … tra la la la…
Read more >>

Housing

We are losing our social licence to operate
Read more >>

Federal Politics Image

Federal Politics

Marriage equality passes Parliament
Read more >>

We Live Here Image

We Live Here

Open letter to the Premier of Victoria
Read more >>

Southbanker Image

Southbanker

An advocate for Southbank living
Read more >>

History Image

History

Television – Southbank leads the way
Read more >>

Skypad Living Image

Skypad Living

Vertical Smarts
Read more >>

Health and Wellbeing Image

Health and Wellbeing

Mental health makes our physical health
Read more >>

Councillor Profile Image

Councillor Profile

The making of a lord mayor
Read more >>

Pets Corner Image

Pets Corner

Our happiest resident!
Read more >>

Southbank Fashion Image

Southbank Fashion

Spring racing in Southbank
Read more >>

Street Smarts Image

Street Smarts

Power Street – Southbank
Read more >>

Letters Image

Letters

A sincere thank you
Read more >>

MCEC delivers economic boost

11 Aug 2016

MCEC delivers economic boost Image

By Rhianna Busler

For the fourth consecutive year, the Melbourne Convention and Exhibition Centre’s (MCEC) end of financial year figures have exceeded expectations and delivered a major boost to the Victorian economy.

Having recorded substantial growth revenue of $77 million over the past year, the South Wharf destination has contributed close to $1 billion of economic impact to the state’s economy.

MCEC Trust chairman Bob Annells said the encouraging financial results, along with the commencement of the venue’s much-anticipated expansion, highlighted a bright and thriving future for MCEC.

“The people of Victoria should be very proud of MCEC, the financial contribution its existence makes to the Victorian economy and the wonderful community asset it continues to be,” he said.

Results from Ernst & Young show an increase of 17.4 per cent on financial year 2014-15. Some 980 events were staged at MCEC in 2015-16, including 86 national and international conventions and 78 exhibitions that drew more than 849,677 business event visitors through the venue’s doors.

MCEC chief executive Peter King said: “The professionalism, maturity and capability that we have within MCEC to innovate, adapt and create opportunities for our customers underpins this extraordinary result.”

A key driver in the future growth of MCEC will be the completion of the venue’s expansion set to be finished in early 2018.

Building works started in June 2016 and will increase MCEC’s total size to more than 70,000 sqm, creating more space for new exhibitions and entertainment, while promoting growth of existing events.

“We are building to increase our flexibility and to offer even more spaces in which events will be delivered to the same professional MCEC standards,” Mr King said.

Stay in touch with Southbank. Subscribe to FREE monthly e-Newspaper.

You must be registered with Southbank Local News to be able to post comments.
To register, please click here.