Geelong Convention and Exhibition Centre precinct receives an additional $120 million23/12/2021
The Geelong Convention and Exhibition Centre (GCEC) precinct, which is the centrepiece project of the Geelong City Deal, will receive an additional $120 million from the Victorian Government to include a luxury hotel, retail and commercial outlets.
The additional funding builds on the existing $141 million commitment from the Victorian Government, $30 million from the Australian Government and $3 million from the City of Greater Geelong – bringing the total project value to $294 million.
The precinct will include a 200-room luxury hotel and commercial spaces, and a 1,000-seat plenary venue which will be developed with 3,700 square metres of flexible multipurpose space to allow large and small events to run concurrently.
The GCEC will support 600 jobs during construction and an additional 270 ongoing jobs once complete. The hotel will further boost employment opportunities and strengthen the region’s visitor economy.
The Victorian Government will soon release an expression of interest for architects, designers and builders, ahead of a stakeholder engagement process.
Details of commercial opportunities to activate the precinct and create better connections to the CBD and Western Beach, such as the hotel, will be determined through the EOI process.
The Victorian Government and Deakin University have agreed on a sale process to enable the transfer of ownership of Deakin’s waterfront car park site to the state, subject to approvals.
This will allow the GCEC to be built on the car park site, paving the way for works to start on the precinct next year. Deakin University will separately construct a replacement car park facility at a nearby site.
The project is being funded by all three levels of Government through the Geelong City Deal - now valued at more than $500 million – which is a 10 year plan to revitalise Geelong through the delivery of critical infrastructure.
The Victorian Government also announced today it will invest $400,000 through the $10 million Regional Recovery Fund to support Tourism Greater Geelong and the Bellarine, and Great Ocean Road Regional Tourism to implement a Business Events Attraction platform. It is designed to promote the region as a business events destination outside the summer peak season.
The project features an online platform, $50 per delegate rebate and promotion to attract business conferences, trade exhibitions and other business events to the region.
The GCEC and the Business Events Attraction platform are just two of the many projects the Victorian Government is delivering across the state. To find out more about the Centre and other projects in your region, visit delivering.vic.gov.au.
For more information on the Geelong City Deal visit www.infrastructure.gov.au/cities/city-deals/geelong/.