Brace for ma­jor In­ner-city con­struc­tion

The City of Joburg Prop­erty Com­pany has ad­ver­tised the prop­er­ties on ten­der for de­vel­op­ers to part­ner with the City around these ar­eas: Jo­han­nes­burg Park Sta­tion; Braam­fontein; Yeoville/Berea North; Hill­brow/Berea South; Mar­shall­town; Pageview & Vrede­dorp

Inner City Gazette - - News - By Staff Re­porter [email protected]­

“Pl e ase show us the money. Don’t show us a bucket of paint and a brush. We need to know if you have g o t the money to de­velop these build­ings. Please demon­strate how many job op­por­tu­ni­ties will be gen­er­ated dur­ing the con­struc­tion and man­age­ment phases.”

That is how the Ex­ec­u­tive Mayor of the City of Jo­han­nes­burg, Cllr Her­man Mashaba, wel­comed more than 200 key prop­erty play­ers in the new Coun­cil Cham­ber on, 14 Au­gust 2018, to share the vi­sion of his legacy project of re­ju­ve­nat­ing the in­ner city.

Mayor Mashaba told prop­erty in­vestors and fi­nanciers that the City would re­lease 71 in­ner city prop­er­ties to the pri­vate sec­tor to be con­sol­i­dated into business spaces, stu­dent ac­com­mo­da­tion, and low-cost hous­ing units.

This is in ad­di­tion to 13 build­ings that had al­ready been of­fered to the pri­vate sec­tor ear­lier.

“You don’t have to in­vest a cent up­front for the build­ings, so al­ready you’re ahead of the guys in Sand­ton, as long as you can meet our re­quire­ments,” said Mayor Mashaba, who also promised that the City would re­lease 50 to 100 build­ings an­nu­ally for de­vel­op­ment for mixed use, low-in­come com­mer­cial and residential prop­er­ties in the in­ner city.

“We want to bring work closer to h o me. Peo­ple shouldn’t have to travel 80kms to get to work, or see their chil­dren once a month due to l a ck of low cost ac­com­mo­da­tion and af­ford­abil­ity, they should have a choice,” said the mayor, who men­tioned that he saw his do­mes­tic worker mother once a month.

The re­quire­ments that in­vestors, who will know by 30 Novem­ber 2018 if they have been granted 50year leases, in­clude that they have a clean credit record with the mu­nic­i­pal­ity in their per­sonal and cor­por a te ca­pac­i­ties, must train young res­i­dents of Joburg as artisan, and of­fer af­ford­able fam­ily and stu­dent ac­com­mo­da­tion.

The City is fac­ing a hous­ing cri­sis. It has been for years. It is faced w i th an es­ti­mated hous­ing unit back­log of 300 000.

More than 150 000 peo­ple are still on the hous­ing wait­ing list, with thou­sands more liv­ing in the City’s 200 in­for­mal set­tle­ments.

Mem­ber of the May­oral Com­mit­tee for Eco­nomic De­vel­op­ment Cllr Leah Knott said in­vestors would re­ceive in­cen­tives in or­der to make the part­ner­ship be­tween the City of Joburg and the pri­vate sec­tor work. These in­clude the es­tab­lish­ment of a fast-track­ing com­mit­tee for t o wn-plan­ning is­sues, Ur­ban Dev e lop­ment Zone in­cen­tives, rates and taxes hol­i­day dur­ing con­struc­tion phase and stag­gered dis­counted rental and rates in­cen­tive for so­cial land­lords and the in­clu­sion­ary hous­ing in­cen­tive.

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