The Property Council thanks the Adelaide City Council for this opportunity to make a submission on behalf of its South Australian members in relation to the Draft 2023-24 Business Plan and Budget.
The Property Council is fundamentally concerned with the timing of the Council’s proposals to pursue budget repair through raising rates and reinstating charges.
Throughout the pandemic, landlords and tenants within the Adelaide City Council have borne significant economic pain to “keep the lights on” in the CBD. This pain was felt extensively in the hospitality sector.
The pandemic was a “black swan event” that sent shockwaves through the business community and fundamentally changed long held assumptions about how CBDs operate.
A significant proportion of impacted businesses are still in recovery.