Ballarat Station precinct redevelopment EOI opens09/11/2015
The Victorian Government’s $25 million investment to revive the Ballarat Station Precinct has taken another step forward today with the launch of the first phase of the market engagement process.
Minister for Regional Development Jaala Pulford today invited interested parties to put forward their vision and capabilities for the redevelopment of the Station Precinct. The Expressions of Interest (EOI) will run for 5 weeks and close on 17 December 2015.
Following assessments of the EOI submissions, a more detailed Request for Proposals (RFP) will commence with the short-listed EOI Respondents in early-mid 2016. The Project offers an exciting opportunity for experienced consortiums (developers, hotel operators and investors) to partner with the Government to deliver a 4 star hotel and exhibition/convention centre with supporting transport infrastructure and public spaces, while optimising a remediated and refurbished Heritage Goods Shed.
The proposed hotel and exhibition/convention centre is expected to include over 100 hotel rooms, large flexible spaces for exhibitions and conventions, and a range of quality retail and dining offerings.
This significant redevelopment, which is estimated to be worth over $50 million, is expected to create around 140 local jobs and leverage over $30 million in private sector investment.
It will revitalise Ballarat’s CBD into a commercial and cultural hub and act as a catalyst for ongoing investment opportunities and job creation.
Regional Development Victoria is the Project's lead delivery agency and has been working closely with the City of Ballarat and VicTrack to deliver the Project.
Key Project advisors were appointed in July 2015 to undertake market sounding, detailed feasibility analysis and site due diligence investigations - these work has now approached completion.
A Community Information Session will be held on 7 December 2015 to inform the Ballarat community of the Project's progress and key next steps.
To obtain more information on the EOI and/or to register to obtain the relevant documentation, please email email@example.com
Funding for the Project is being provided through the $500 million Regional Jobs and Infrastructure Fund, which is supporting major projects, creating jobs and building stronger regional communities.