Visy land purchased to make way for ‘South Bank 2.0’
A glass manufacturer in South Brisbane will be relocated in a move that will see the site used for a crucial piece of Olympics infrastructure – and later become a “South Bank 2.0”.
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A glass manufacturer in South Brisbane will be relocated in a move that will eventually transform the massive site into a “South Bank 2.0”.
The State Government revealed today it had purchased the land – currently owned by Visy – and would use it to house the International Broadcast Centre during the 2032 Games.
Under the deal, Visy will move its operations to Stapylton on the Gold Coast in a $700 million investment that will create more jobs and protect the existing ones at the South Brisbane factory.
Premier and Olympics Minister Annastacia Palaszczuk said the South Brisbane land was the best site for the crucial piece of Games infrastructure to beam images of Brisbane to the world.
“There will be a global audience of billions of people, and today we take that monumental step forward in acquiring this site to be the nerve centre of the Games,” she said.
And just as Expo 88 paved the way for today’s South Bank Parklands, Lord Mayor Adrian Schrinner said after the Olympics the land would be used as a permanent asset for the city that would be 9ha in size – saying he wanted to see a “South Bank 2.0”.
“What we will see here in the future is something like South Bank,” he said.
“This is a really exciting legacy for the people of Brisbane. Every single resident of Brisbane will be able to come here in the future into an amazing world-class parkland facility.”
Ms Palaszczuk confirmed it cost over $160 million for the State Government to acquire the site, with the demolition of the factory not expected until 2025.
The Premier said the Government would work collaboratively with council and the community to determine the best way to use the site beyond the Games.
“This is going to be an amazing precinct and will completely revitalise this portion of South Brisbane,” Ms Palaszczuk said.
“There can be mixed use, there can be a combination of green space, there can a combination of restaurants – but let’s not get ahead of ourselves.
“We’ve got more than 10 years to work that out.”
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