Brisbane Live Proposal Moves Towards Reality
- June 14, 2017
- Ayda Shabanzadeh
- Property Investment Brisbane
Brisbane is undergoing significant development set to transform Queensland’s capital city into a world-class city on par with the best destinations in the world to live and holiday.
At the forefront of these plans is the proposed $2 billion entertainment precinct called Brisbane Live being put together by AEG Ogden.
Set to be built on top of the Roma Street Railyards, the Brisbane Live entertainment precinct will include a $450 million, 17,000-seat arena.
In addition, the site will also include residential, commercial and hotel towers, all of which are primed to increase local economic activity.
Treasurer Curtis Pitt confirmed to the Brisbane Times news organisation that plans for Brisbane Live were at an advanced stage following a recent stakeholder meeting.
“Brisbane Live is an exciting idea, and has moved on considerably since it was first proposed,” he said.
“We have agreed to continue exploring options for progressing the concept including finance options.”
Upon completion Brisbane Live will link King George Square to the Barracks on Petrie terrace and be built above the proposed Cross River Rail and Brisbane Metro stations.
Deputy Premier Jackie Trad described Brisbane Live as proof that the government would work tirelessly to bring to life high-quality developments in Brisbane.
“I look forward to further discussions with AEG Ogden to look at what may be needed to bring the concept [of Brisbane Live] to reality,” Ms. Trad told Brisbane Times.
AEG Ogden is responsible for the management of the largest network of venues in the Asia Pacific region, including continents such as Australia, Asia and the Middle East.
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