Amy Remeikis reports in the Brisbane Times (8.5.16) on a private development proposal put to the state government to redevelop the western end of Brisbane's central business district.
'The Queensland Government has welcomed a $2 billion market-led proposal, which could revitalise one of the most under-utilised sections of the Brisbane CBD. But both it – and the market – still have to work out how to pay for it.
'AEG Ogden, which already manages Suncorp Stadium, the Brisbane Convention and Exhibition Centre and the aging Brisbane Entertainment Centre, will propose a new 17,000 seat arena, cinema, restaurant and public space 'Brisbane Live' precinct above the Roma Street rail yards.
'The company was behind the push to turn the Parmalat Milk factory site at South Brisbane into an arena, which was dependent on the State Government land.
'But following the Palaszczuk Government's market-led proposal scheme – which allows private companies to pitch ideas and proposals for state owned land to the government, rather than the government putting it out to tender - it has now turned its attention to the city's western precinct.
'Chairman Harvey Lister said the project could help transform a part of the city that has sat, historically, neglected.'