Lord Mayor Graham Quirk has committed more than $11.4 million to transform Edward Street in the central business district into a showcase street and delivering two new suburban centre improvement projects as part of his 2015-16 Budget.
Cr Quirk said he was investing $1.9 million in the coming year to commence the upgrade of the Edward Street shopping precinct which was an $11 million three-year project towards resurfacing, kerbside, footpath and beautification works between the Queen Street Mall and Charlotte Street.
“This project is a direct outcome of the City Centre Master Plan 2014 and I am pleased we are about to commence the transformation of Edward Street into a showcase street to complement the new retail precinct that has emerged over the past few years,” he said.
“The Edward Street precinct in the CBD has established itself as Brisbane’s home for international luxury brands such as Louis Vuitton, Tiffany & Co., Georg Jensen, Rhodes & Beckett and Oroton to name but a few.
“Brisbane’s CBD retail sector is an established, prosperous precinct for both local and international retailers.
“We will support this investment by transforming Edward Street with broad footpaths and treelined streets to make it a showcase retail destination for residents and visitors alike.
“As more people live and work in our city centre we need to make it easy, safe and comfortable to walk along the street by widening footpath space and to do that vehicular traffic will be reduced to three lanes.
“Council will work with Edward Street traders, owners and the precinct management group to ensure we get the best possible outcome for residents and visitors to this exciting area of the
Cr Quirk said while precincts such as Edward Street were important attractions for residents and visitors alike, suburban centres are where people’s lives were spent every day and needed to accurately reflect the importance of this.
“Suburban centres all throughout Brisbane are a hub for communities, where small businesses are run, where we meet for coffee with family and friends, and where we source the essentials for breakfast, lunch and dinner,” Cr Quirk said.
“That’s why I’m dedicating $9.9 million in this Budget to delivering two SCIPs in Alderley and Graceville, a proven way to revitalise our established suburban retail hubs. I’m also providing over $1.2 million per year on an ongoing basis to refresh existing older SCIPS to keep them looking fresh and inviting.
“SCIPs across Brisbane contribute to the community and commercial vitality of suburban shopping precincts and encourage additional private investment into these centres.
“Importantly, SCIPs are essential for local businesses too as they help maintain the confidence of existing operators and encourage new investment into each area, so I’ve also allocated $700,000 for future planning.”
The Alderley SCIP is a $5.3 million project for the Alderley shopping centre on the corner of Samford Road and South Pine Road and funded through a partnership between Council and property owners within the centre. Construction is due to start July 2015.
The Graceville project is a $3.75 million project along Honour Avenue, Graceville and is in the concept design phase.
Council has invested more than $38 million in 44 SCIPS across Brisbane since 1996 with recent examples including Hawken Drive at St Lucia which was completed in mid 2014, Wynnum Road at Cannon Hill and Moggill Road at Kenmore which are both nearing completion.