Building a city centre for the 21st Century from below the ground, up
Australia’s only greenfield CBD within an existing urban area is taking shape and Sunshine Coast Council will invest $53 million in the 2016/17 financial year to continue the Maroochydore City Centre development moving forward.
Mayor Mark Jamieson said the project was a game-changer for the region and council’s investment would benefit generations to come.
“This project will deliver a modern, smart city from below the ground, up,” Mayor Jamieson said.
“It will include commercial, retail and dining precincts, entertainment, convention and exhibition facilities, a premium hotel and city living precinct, with 40 per cent of the 53-hectare site to be retained as parks and waterways.
“The new CBD is expected to generate 30,000 jobs by 2040.
“Ratepayers will not be paying for this project through their rates as it is being funded from loans initially, repaid through staged land sales.
“It is a cash flow neutral project, paying for itself as each stage is developed and released to market, over the life of the project.