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04 Mar 2015


Northern Region News

News
The draft development scheme for the Ross Creek priority development area has been adopted by the Townsville City Council.The 97ha priority development area aims to connect the Strand to the CBD with high end retail, food offerings and residential apartments.

The priority development area includes the proposed $315 million CBD stadium and convention centre site. The draft development scheme will be released for public consultation in July.

Townsville Civic Theatre was booked for 348 days over 2014, turning away over 100 performances. Community leaders are calling for an additional or upgraded music hall in order to support growing demand. Townsville Community Music Centre has put forward a $33 million proposal to extend the Townsville Civic Theatre. The proposal includes a 600 seat concert hall, 200 seat theatre, and an expanded foyer area/ function venue.

An option for developing a new concert hall within the Ross Creek priority development area has also been put forward.

Outlook
The Northern SD economy showed further weakness over the March Quarter 2015.
Unemployment levels continue to rise, with a lack of clear investment drivers limiting economic activity.
Commencement of major infrastructure works associated with the Ross Creek priority development area will be critical to underpinning employment and confidence in the Northern SD economy.

Provided by Offermans Partners Townsville

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