$2 bil­lion precinct set for Roma St

The Sunday Mail (Queensland) - - NEWS - DARYL PASS­MORE SARAH VOGLER

A NEW $2 bil­lion en­ter­tain­ment precinct will be built over the Roma St rai­l­yards as part of Bris­bane’s Cross River Rail ini­tia­tive.

The Bris­bane Live pro­posal, in­clud­ing a world-class 17,000seat in­door arena, restau­rants, bars and cin­e­mas, will be planned by the Cross River Rail De­liv­ery Authority set up to de­velop the $5.4 bil­lion train tun­nel and un­der­ground sta­tions net­work.

The move, to be an­nounced by La­bor today, vir­tu­ally guar­an­tees the city-chang­ing en­ter­tain­ment precinct will go ahead be­cause an ex­panded ver­sion – dubbed Bris­bane En­ter­tain­ment and Ed­u­ca­tion Precinct – has al­ready been promised by the LNP, even if it scraps Cross River Rail.

Har­vey Lister, chair­man of Bris­bane-based in­ter­na­tional venues op­er­a­tor AEG Og­den, which is propos­ing Bris­bane Live, said the bi­par­ti­san sup­port was great news.

“It’s very en­cour­ag­ing that the Gov­ern­ment ap­pears to have recog­nised the po­ten­tial for Bris­bane Live to be an ac­ti­va­tor that could even­tu­ally see the whole Roma St precinct be­come an ex­cit­ing part of the state’s cap­i­tal city,” he said.

The CRR De­liv­ery Au­thori- ty will part­ner with Mr Lister to en­sure the project goes ahead, and Deputy Premier Jackie Trad said a new master­plan would be drawn up to re­vi­talise the whole area.

“We have been work­ing very closely with Har­vey Lister to make sure we create the best en­ter­tain­ment and in­te­grated trans­port precinct in Aus­tralia,” Ms Trad said.

Pro­moter Dean Lon­er­gan said Bris­bane Live was a world class pro­posal that would take the city to “the next level’’ when it came to big events.

It is seen as the fi­nal piece in an en­ter­tain­ment tri­an­gle, with the new $3 bil­lion Queen’s Wharf casino-re­sort and the South Bank cul­tural precinct, to create in­ter­na­tional-stan­dard nightlife in Bris­bane.

La­bor has not de­tailed fund­ing but fi­nan­cial anal­y­sis, com­mis­sioned by AEG Og­den, found the project could be built with a profit by gen­er­at­ing “value-cap­ture’’ in­come from sell­ing air rights to other com­mer­cial, res­i­den­tial and ed­u­ca­tion de­vel­op­ers.

SUP­PORT: AEG Og­den chair­man Har­vey Lister.

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