They picked the super sized $1 billion version!
The news web sites are a bit slow today:
Wednesday, 22 February 2006
CONVENTION CENTRE CORNERSTONE OF YARRA REDEVELOPMENT
The Premier, Steve Bracks, today unveiled details of a major redevelopment of the lower Yarra’s southern banks, including a 5000-seat Convention Centre, a five-star hotel, an office and residential tower, a riverfront retail promenade and revitalised Maritime Museum.
Mr Bracks, who announced Multiplex/Plenary Consortium as the successful tenderer for the Convention Centre contract, said the State Government’s contribution to the project would be $370 million.
“The new Convention Centre will be an iconic building and major new landmark for Melbourne,” he said.
“The centre will secure Melbourne’s position as Australia’s business event capital generating millions of dollars each year for the business tourism and retail sectors and create thousands of new jobs for Victorians.
“The new centre is part of a public-private partnership project that will complete the urban renewal of the Yarra River’s edge linking Southbank to Docklands and creating a commercial and lifestyle district down the river’s spine to the bay’s edge and port districts.”
Mr Bracks said the consortia’s $1 billion proposal included:
• a 5,000 seat, six-star energy rated Convention Centre;
• a five star Hilton Hotel;
• an office and residential tower;
• a riverfront promenade of retails shops, including cafes, bookstores and wine merchants;
• a premium brand homemaker retail complex; and
• an investment in public spaces including a partnership with the National Trust for a revitalised Maritime Museum.
“The remaining developments will be financed privately as a public-private partnership under the Partnership Victoria model,” Mr Bracks said.
“The winning bid is a great example of how the Partnerships Victoria policy can bring innovation and benefits to the Victorian community.
“The Melbourne City Council will also invest $43 million to finance a bridge linking the southern and northern banks, other capital works and marketing of the new centre.”
Mr Bracks said today’s announcement followed a rigorous tender process.
“The Multiplex/Plenary Consortium proposal delivered commercial, services, technical and design excellence and will elevate Melbourne’s business events profile internationally,” Mr Bracks said.
“Melbourne’s new convention centre will be a facility all Victorian will be proud to call their own.
“It will incorporate state of the art design features and achieve a six star green star rating.
“The timber-clad, 5,000-seat Plenary Hall will be fan-shaped achieving an unobstructed view of proceedings.
“I have also asked Victoria's newly-appointed Government Architect John Denton and his office to work with the successful bidder on the delivery of the proposed iconic design.”
The Convention Centre will also feature:
• a ball room;
• an 18-metre high glass wall façade fronting the Yarra;
• a gala seating system in the Plenary Hall to allow for flexible seating configurations;
• 32 meeting rooms; and
• a ground foyer for 11,000 guests.
Mr Bracks said the Convention Centre project was a great example of strategic infrastructure investment designed to grow the entire State.
“The new Convention Centre will generate 2,500 jobs plus 1,000 jobs during the construction period and increase economic activity by $197 million each year over 25 years.
“Interest in this magnificent new centre is set to soar now that we have a proposal that offers a world class ‘green’ facility for a full spectrum of international conferences and events.”
The Minister for Tourism, John Pandazopoulos, said Victoria had already secured five big international conventions for the new centre worth nearly $70 million and collectively bringing almost 12,500 delegates to the State.
“Business events already contribute $1.2 billion to the Victorian economy and employs more than 22,000 people,” Mr Pandazopoulos said.
“Business tourists spend twice as much as leisure tourists and business tourism is the fastest growing and highest yielding tourism sector.”
The Minister for Major Projects, John Lenders, said the new convention centre was part of the largest program of infrastructure spending by any Victorian Government.
“The Bracks Government is delivering the biggest infrastructure spend in Victoria's history - we are building roads, schools, hospitals and police stations and other vital projects in a financially responsible way for all Victorians,” Mr Lenders said.
“In the last five years we have spent $10 billion on infrastructure, or an average $2 billion each year, and will spend more than $10 billion or an average of $2.5 billion each year in the next four years.”
The Mulitplex/Plenary Consortium consists of the Plenary Group (consortium lead, equity investor and project management), Deutsche Bank (financial underwriter), AUSTEXX (commercial development partner), Multiplex Constructions (builder), Multiplex Facilities Management (service delivery over the 25 year concession period), Hilton International (hotel operator) and NH Architecture/Woods Bagot/Larry Oltmanns (architecture and urban design).
Construction is scheduled to start after the Melbourne 2006 Commonwealth Games and the centre will be operational in 2009.
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