ADELAIDE City Council has signed off on its business plan and budget for 2012-13, saying it is pushing ahead with an innovative agenda that will bring tangible changes to city streets.

Key public realm priorities to begin this financial year include the Rundle Mall Redevelopment project ($30 million over the next three years) and Stage 1 of the Victoria Square / Tarndanyangga Upgrade ($24 million in funding over the next two years).

"These are important, bold and visionary decisions that will not only benefit the city but South Australia as a whole," Acting Lord Mayor David Plumridge said.

The Council also allocated funding for a range of other projects and initiatives, including:

• Working collaboratively with the State Government and other partners on a range of major city projects such as Adelaide Oval, the Riverbank, West End place making and the new Royal Adelaide Hospital;
• A new $1 million Activation Program, including Splash Adelaide and the Live Music Action Plan, to bring public spaces and laneways to life;
• Encouraging more people to call Adelaide home through initiatives such as the Sturt Street Affordable Housing project and Drop Top Housing;
• Delivering a $2 million Bicycle Action Plan, including projects such as new bike lanes, extending the Park Lands trail and cycling network and investigating opportunities for permanent end-of-trip facilities;
• Making the city safe and pleasant for pedestrians through the implementation of the Integrated Movement Strategy;
• Promoting thriving art, culture and creative communications, including vibrant public and street art through funding, support and a dedicated Public Art Program; and
• A $1.3 million Climate Change Action Initiatives Fund to deliver a range of environmental sustainability strategies.

"The business plan and budget has been developed through the 'Picture Adelaide' campaign, Council's biggest consultation to date," Cr Plumridge said.