Toowoomba to offer incentives for CBD developments

The Toowoomba Regional Council Planning and Development Committee this week voted to introduce discounts on infrastructure charges of up to $1 million for developments in the CBD. The total amount available for the program is $3 million and applies only to new developments.

The policy is aimed at increasing development footprints, reuse of heritage buildings and increasing the number of people who live, visit and work in the area.

The Property Council of Australia supports the incentives as they will create jobs and lead to a stronger Toowoomba CBD community.

Toowoomba as Australia’s largest inland city joins the ranks of other councils, including Brisbane, Gold Coast, Sunshine Coast and Townsville, that have moved to reduce infrastructure charges to attract investment and economic growth.