The State Government has announced that the largest urban renewal since South Bank is firmly underway with the Gabba Stadium Project Validation Report (PVR) complete, community consultation on the urban renewal started and a new name on the table.
Deputy Premier Steven Miles is asking the community what they think of “East Bank”, as the new name for the broader Woolloongabba urban renewal precinct, which covers much of the suburb.
“The Gabba’s 128-year history makes it iconic for Queensland, this redevelopment will ensure a lasting legacy to be enjoyed for another 128 years and beyond. This isn’t just about a stadium upgrade. This is about anchoring an urban renewal project that will see Woolloongabba transformed like South Bank was transformed for Expo 88″.
“The Woolloongabba redevelopment, along with Cross River Rail and the Brisbane Metro, will anchor a major redevelopment of Woolloongabba to maximise the benefit of public investment and deliver more housing including social and affordable housing, more jobs, and better connectivity”.
“We could see another 880 or more apartments delivered in the precinct alone, as well as retail and dining”. “Plus, with at least 50 percent of the precinct set to be open space and a Walkable Spine from the Gabba to Roma Street via South Bank, there will be more for locals and visitors to enjoy”.
“We’re going for the best bang-for-buck and giving Queenslanders a new, modern stadium with all the finishes, because it is the best value for money, and it will deliver much more than a stadium”. “Having a modern, safe, accessible, and globally recognisable stadium will help draw more national and international events, and we know one concert can produce up to $5 million in visitor spending in our economy”.
“The upgrade will create an estimated 2,300 jobs during the peak of construction in 2028, the economic impact will flow throughout the state.”
The vision for the Precinct is to be a vibrant place on event and non-event days that is better connected and more sustainable and supports more open space, proving a lasting legacy for residents.
The broader precinct provides the opportunity for urban renewal of a world-renowned location for the enjoyment of local residents and those who visit for work or fun.
It will deliver a great mix of uses, from commercial and retail opportunities to hotel and residential options, including at least 20 percent social and affordable housing.
The full stadium rebuild will support this vision, as well as providing an optimal fan experience and achieve international best practice.
The PVR provides detail on how The Gabba stadium will be fully deconstructed and rebuilt to support Queensland’s long-term sport, community, and entertainment needs before and for decades after Brisbane 2032.
In 2018, before the successful bid for the Brisbane 2032 Olympic and Paralympic Games, the Stadium Taskforce Report found that The Gabba is a ‘tired’ venue and that it would come to the end of its useful life by 2030, indicating a rebuilt Gabba should be considered irrespective of the Games.
Of the four options considered in the PVR, the one selected not only provides the best value for money, but also hits the mark on all four key pillars, including being a catalyst for sustainable urban renewal, investment and ability to attract and host world-class events.
This rebuild sits within the Woolloongabba Priority Development Area (PDA), that will see the rebuilt Gabba Stadium, Cross River Rail and the Brisbane Metro connect to South Bank, the Brisbane CBD and new Brisbane Arena at Roma St via a walkable spine, an active travel corridor to South Bank plus Brisbane City Council’s new green bridge.