BRISBANE CITY COUNCIL RELEASES ECONOMIC DEVELOPMENT PLAN
Brisbane City Council has released its Economic Recovery Plan to help Brisbane recover from the economic impact of COVID-19. The plan identifies the following four priority areas as crucial to Brisbane’s economic rebuild:
- Supporting Local Businesses
- Rebooting the Economy
- Identifying Future Growth
- Development of New Markets and Business opportunities
The plan also contains a range of building and construction, investment, and infrastructure initiatives. The key initiatives are:
- Refreshing the Brisbane City Centre Master Plan 2014 to incorporate changing city needs
- Introducing a dedicated building and construction hotline 133 PLAN (133 7526).
- Introducing a dedicated House and Homes development assessment team.
- Introducing a faster assessment for a request to change a development approval.
- Reducing the minimum value for bonding uncompleted works.
- Partnering with the private sector in the design and delivery of infrastructure projects where it creates value for money for Brisbane residents.
- Offering a discounted ‘open door’ prelodgement meeting service until the end of December 2020.
- Investing $840 million in city-shaping infrastructure projects, including fast tracked green bridges for Kangaroo Point and Breakfast Creek.
- Working with local manufacturers to ‘re-shore’ parts of their business to Brisbane.
Brisbane’s residents are also able to have their say on the two new green bridges that are worth $257 million and will be key part of the city’s economic recovery.
As part of the Council’s Economic Recovery Taskforce, the Property Council has been committed to advocating for measures to support Brisbane’s property industry. To view the Property Council’s proposals to the taskforce, please click here.
To view Brisbane City Council’s full economic recovery plan, please click here.