THE Victorian Government last week announced funding for the 'city shaping' Central Geelong Revitalisation Project, which aims to transform Central Geelong by opening up the CBD, providing improved links between key precincts and attracting new investment.
Premier Denis Napthine said a focus of the $7.52 million project will be to open up the city's laneways, enhance the pedestrian environment and beautify streets. The project will also improve CBD connections with the train station, the arts precinct, Johnstone Park and the health services and hospital precinct.
The Victorian Coalition Government has provided $3 million, through the Geelong Advancement Fund, to support the revitalisation plan. The City of Greater Geelong has provided the remaining $4.52 million.
The project has been divided into four components: the Malop Street capital works project, the Dennys Place Breakthrough, the Laneways connectivity and the Myers Street capital works.
"The revitalisation project will have numerous social, economic and environmental benefits for the City of Greater Geelong," Dr Napthine said.
"It will enhance liveability, create new opportunities for property and business investments, expand demand and supply of goods and services, and attract visitors and new residents.
"Tree planting and water efficiency will improve environmental sustainability, and healthy lifestyles will be promoted by the construction of new landscaped paths connecting pedestrians to key Central Geelong precincts."
The project follows a series of other recent projects and initiatives, including securing the National Disability Insurance Agency national headquarters for Geelong, the $65 million redevelopment of the former St Mary's School site, a $25 million redevelopment of Barwon Water's Ryrie Street headquarters and funding for Deakin University to build new student apartments in the T&G Building.