The Labor Government has released details about major plans to expand South Bank around the river to Hockings St, South Brisbane. The plan has been in the making for around six months and is called ‘South Bank 2’.
Premier Anna Bligh said “we have a vision that can make the Queensland capital one of the most people-friendly river cities in the world,” she said. “We are on the cusp of unprecedented prosperity in Queensland and our job is to guide private investment in ways that can benefit all Queenslanders.”
It is understood that the 27ha expansion of South Bank will be controlled by the highly successful South Bank Corporation.
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South Bank 2 will require the resumption of private industrial land along the river including the Parmalat site which is to be purchased by the government. The project will be cash neutral which means that it will come at no cost to taxpayers as residential and commercial development will be included to offset costs.
The project is said to include:
- A new cultural institution
- Olympic size pool
- Entertainment, retail and dining precinct
- South Bank Corporation to become responsible for the area along the river stretching from the Goodwill Bridge to Hockings Street.
- New riverfront parklands to be established, to include expanded green space, a Olympic sized pool and aquatic play area, picnic and BBQ areas in addition to art spaces, markets and a retail and dining precinct.
- Hope Street and Montague Road to become vibrant destinations, similar to James Street (Fortitude Valley) and Little Stanley Street (South Brisbane).