Ballarat Station precinct is making progress02/09/2016
The Victorian Government’s $25 million investment to revitalise the Ballarat Station precinct is making good progress, with the announcement today of the Minister for Planning’s approval of a streamlined planning framework to facilitate the delivery of the project.
The Minister has approved an Amendment to the Ballarat Planning Scheme in response to recommendations from the Ballarat Station Precinct Advisory Committee and relevant agencies.
The project will transform the historic heart of the city into a vibrant, accessible and connected commercial and community hub, and restore the prominence of the precinct’s key heritage assets to ensure commercially viable uses for the long term. The project will also support the city’s CBD revitalisation and attract increased visitation to the region, thereby creating new jobs.
The project’s negotiations phase commenced earlier this month, following a two-staged commercial procurement process involving an Expressions of Interest and a Request for Proposal phase, during which the Victorian Government received significant interest from the private sector.
This project is set to provide a boost to the Ballarat economy, with the delivery of a four star rated hotel and convention centre with large flexible spaces, a range of quality retail and dining options, supporting transport infrastructure and new public open spaces.
The project will inject up to $50 million in the region and will breathe new life into the Ballarat Station precinct by ensuring that a regionally significant transport interchange is functional and offers a variety of experiences. It will also facilitate increased tourist visitation, spending, investment and precinct development.
The project is being delivered by Regional Development Victoria in partnership with VicTrack, City of Ballarat and the Transport division of the Department of Economic Development, Jobs, Transport and Resources.