Brisbane Land Deal for South Bank 2.0
The vision for South Bank 2.0 is crystallising as negotiations progress for a riverfront industrial site in Brisbane’s inner-city suburb of West End.
Speaking at the Property Council of Australia Queensland lunch, Brisbane Lord Mayor Adrian Schrinner confirmed the council’s offer had been “well received” and negotiations were progressing for the 7ha site at 137 Montague Road.
The site has been slated for the temporary international broadcast centre as part of the Brisbane 2032 Olympic Games.
Currently an industrial site for Visy Glass works, the buildings would be demolished, site remediation would be carried out and a power substation built for the temporary 57,000sq m international broadcast centre.
“It’s the perfect way to add to what was created at South Bank for Expo ‘88—this is going to be South Bank 2.0,” Schrinner said.
“The offer for the Visy Glass factory site has been well received and we are progressing through those negotiations now.”
According to the Future Host Commission Report, the land could be compulsorily acquired with fair compensation, and site preparation would require capital investment from the state government.
Under the plan, the factories along Montague Road at West End would likely move from their waterfront site over the next five years to make way for the temporary Olympic infrastructure, and ultimately an extension of public parkland.