Home Builders May Deviate From Fixed-Price Contracts as Costs Continue to Grow
The demand for newly built homes is high, but Aussie builders are…
26 May 2021
The implementation plan was considered by City of Melbourne Councillors earlier this month, with the report outlining the vision for the Northbank of the river covering four kilometres between Birrarung Marr and the Bolte Bridge.
The suggested proposal is expected to cost up to $300 million – with funding to be sought from other levels of government and the private sector.
According to the report, Greenline is anticipated to deliver more than $1 billion in economic activity and create up to 1,000 jobs over the course of the project.
Lord Mayor Sally Capp said Greenline will deliver one of the biggest transformations of Melbourne since the completion of Southbank Promenade in 1990 and the opening of Fed Square in 2002.
“We want Northbank to become one of the city’s premier destinations for workers, residents and tourists. This investment would transform some of the most unloved areas in the city into a series of connected parklands with opportunities for food, art, culture and entertainment,” the Lord Mayor said.
“The plan includes park upgrades, new walkways, native plantings and better recognition and celebration of the river’s history,” the Lord Mayor detailed.
The City of Melbourne does not have independent ownership of the waterways or banks of the Yarra River – Birrarung so the development of this area will require support from the Victorian Government and adjoining Landowners.