New Brisbane Live Arena set to prospect investors

By Juliano Oliveira

The construction of a new live arena is set to prospect potential private investors in Brisbane as Premier Annastacia Palaszczuk announced the state government will start market sounding for it.

The Precincts Delivery Strategy to transform the city through the $5.4 billion Cross River Rail project is also open for public consultation.

“We know that by unlocking under-utilised land in the heart of the city like Roma Street, we can leverage significant private sector investment and create jobs,” the Premier said.

Ms Palaszczuk said that the new precinct has the potential to deliver 450 jobs per year during construction, with 1000 jobs in the peak year and 600 ongoing jobs once operational.

“Roma Street is one of seven sites that was investigated as a potential location through the detailed business case development.”

Cross River Rail Minister Kate Jones affirmed that Cross River Rail Delivery Strategy would provide development opportunities at the five new high-capacity stations at Boggo Road, Woolloongabba, Albert Street, Roma Street, and Exhibition.

“The Delivery Strategy we’re announcing will see up to 22 hectares of prime real estate in the heart of Brisbane revitalised,” she said. Expert analysis shows the Cross River Rail Precincts could help generate up to $20 billion worth of new economic development and around 35,000 new jobs.”

“Brisbane Live, a new world class arena is a great example of the new assets Brisbane could gain through this precinct strategy. Globally we know these types of venues next to a new underground high-capacity train station with connections to other public transport modes re-invigorate the entire area,” said Ms Jones.

The strategy announced today includes different themes for each of the five precincts:

. Exhibition station precinct will accelerate the area’s urban renewal creating a connected health, housing, and recreation hub. 

. Roma Street station precinct will become the western gateway to the City’s premier cultural and entertainment offerings. 

. Albert Street station precinct will be the stimulus for a city heart transformation 

. Woolloongabba station precinct will become a vibrant centre for community, sport, and health 

. Boggo Road station precinct will develop further into a world-class innovation precinct, specialising in research, health, science and education jobs of the future