[CAN] New Courts Precinct | $500m

[wilkiebarkid]

They should consider deferring the O-Bahn tunnel for a few years and redirect the $160m to the courts precint devlopment.

[metro]

They should consider deferring the O-Bahn tunnel for a few years and redirect the $160m to the courts precint devlopment.

I think they already deferred Rail Electrification on the Gawler line for a few years to fund the $160m Obahn Tunnel

[skyliner]

What a joke. This is key infrastructure. Surely there are federal government grants that could assist with the proposal?

In regards to Vicky Chapman's comments; what does it matter if money has been spent on the planning process? So they can rally voters against the government? The plans are there to be rehashed in the future when the money is available - so the money for planning has not been wasted, simple.

This particular federal government is pretty miserly when it comes to grants for the states, though in this particular instance I don't see why they would/should contribute money to an area so clearly in the state's jurisdiction. One of the good things Abbott has done (and possibly the only good thing) is commission a white paper on the reform of the federation, which might hopefully resolve some of the hopeless imbalances and useless duplications that presently complicate our Commonwealth.

As to Vicki. Yeah, drivel. But she does hint at the fact that this should be the perfect public/private partnership, so it's curious why the government could come to terms.

With reference to the bold section re SA - add to this the Holden scenario and the sub construction issue - we look to be totally bereft of heavy industry due to the current government's actions - not good at all when considering ancillary industry as well. Not a happy vegemite here.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

[Smithy85]

Was the $500m for this allocated in a previous budget? If so, assuming it will then be "back in" as a saving in the upcoming State budget?

[Smithy85]

Was the $500m for this allocated in a previous budget? If so, assuming it will then be "back in" as a saving in the upcoming State budget?

Sorry, just read page 1 of the thread. So the cost of the lease should go back in as a saving...

[crawf]

Today Tonight (yes I know..) did a scathing report yesterday on the ancient law courts, and what they showed was absolutely appauling. Behind that majestic frontage is a decaying building remnants of an era long gone. Its truly shocking, the whole system also needs one major overhaul.

Hopefully something gets annouced in the upcoming State Budget, before the courts really start to crumble.

[Spurdo]

http://www.adelaidenow.com.au/news/chin ... 1f7420dcb9

Chinese Government-backed consortium makes failed $6 billion spending bid for new courts precinct, Central Market upgrade
Renato Castello, Exclusive, The Advertiser
6 minutes ago
Subscriber only

THE Chinese Government has been blocked from investing billions of dollars in redeveloping Adelaide’s ageing court and market precinct including plans to build the city’s first 6-star hotel and up to 6000 apartments, a South Australian developer claims.

A development consortium — backed by Chinese Government owned China Railway Zhongji Holdings Group — lodged separate failed bids with the State Government and Adelaide City Council last year for a $6 billion spend to overhaul the landmark city sites, The Advertiser can reveal.

The proposals, spearheaded by SA developers Barrie Harrop and Peter Villis, included a $1 billion unsolicited bid lodged with the Government in July last year to build a 450-room six-star hotel and new courthouse building behind the existing State heritage-listed Supreme Court on Gouger Street.

The court overhaul involved the location of all court functions, except for the Magistrates Court into a new building on a 30-year leaseback deal with the Government, together with additional short-term luxury apartments, according to the bid document obtained by The Advertiser.

But Treasurer Tom Koutsantonis told The Advertiser that his department advised Mr Harrop and Mr Villis in November that the court bid could not proceed as plans were already underway on a $31 million redevelopment and upgrade of the court buildings.

“The department also advised that the proposal did not provide any unique financing arrangements and would impose a considerable cost to taxpayers,” he said, not expanding further.

“It would also require certainty for a hotel and residential accommodation development.”

Mr Harrop said the consortium also lodged a separate $5 billion 10-year plan with the council last October to redevelop the Central Market Arcade — wedged between Victoria Square and the Adelaide Central Market — as part of an Expression of Interest process for the site.

Among the consortium’s plans were:

A REDEVELOPED Sir Samuel Way building to include two 30-storey towers featuring five-star hotels and apartments above the site;

FOOD hall and market within the existing Sir Samuel Way building linking through to the existing Central Market;

EXPANDED parking for more than 3000 cars;

STAGED construction of up to 6000 apartments over the existing Central Market site for students, key city workers and retirees over a five to 10 year time frame.

Mr Harrop, who initiated the development of the $1.5 billion Melbourne Central Shopping Centre, said the market proposal was not accepted on the grounds he did not have “enough experience” on major projects.

He rejected that suggestion and said the “door has been slammed” in the face of Chinese investment despite the government having spent “millions trying to attract this calibre of long term capital investment into state”.

“The South Australian government has spent millions of dollars up in China dancing around with their straw hat and cane trying to woo institutional investment,” he said.

“Th old RAH site the bidders there were backed by a Chinese government state corporation and they (Government) slammed the door in their face on a $2 billion project for political expediency.

“South Australia is not getting its share of national visitation from China because of serious shortfall in five and six-star leading international hoteliers.

“We (consortium) plan to add about 75,000 to 100,000 additional Chinese tourists per year, about 5000 to 7000 new jobs in tourism infrastructure with great career pathways for young South Australians plus a boon for Rundle Mall retailers and service providers.”

Mr Harrop said Adelaide was lagging behind other Australian cities, citing seven hotels had opened in Perth in the past few years with another 20 set to open by 2020.

“Adelaide is missing out on many billions of dollars in shopping revenue, and jobs and probably 3000 to 4000 jobs are withering on the vine from the lack of 5-star and 6-star hotels, let alone the suppliers who supply all the products and services,” he said.

Mr Harrop said the consortium also made a bid of “in excess of $200 million” for the State Administration Centre building last year and a $36 million play for the Le Cornu site.

Adelaide City Council associate property director Tom McCready said all successful EOI submissions for the market arcade were in “keeping with the defined guiding principles”.

[Mpol03]

Well F#$&@!

[citywatcher]

I think it wise to avoid Chinese dollars

Sent from my SM-J730G using Tapatalk

[ml69]

http://www.adelaidenow.com.au/news/chin ... 1f7420dcb9

Chinese Government-backed consortium makes failed $6 billion spending bid for new courts precinct, Central Market upgrade
Renato Castello, Exclusive, The Advertiser
6 minutes ago
Subscriber only

THE Chinese Government has been blocked from investing billions of dollars in redeveloping Adelaide’s ageing court and market precinct including plans to build the city’s first 6-star hotel and up to 6000 apartments, a South Australian developer claims.

A development consortium — backed by Chinese Government owned China Railway Zhongji Holdings Group — lodged separate failed bids with the State Government and Adelaide City Council last year for a $6 billion spend to overhaul the landmark city sites, The Advertiser can reveal.

The proposals, spearheaded by SA developers Barrie Harrop and Peter Villis, included a $1 billion unsolicited bid lodged with the Government in July last year to build a 450-room six-star hotel and new courthouse building behind the existing State heritage-listed Supreme Court on Gouger Street.

The court overhaul involved the location of all court functions, except for the Magistrates Court into a new building on a 30-year leaseback deal with the Government, together with additional short-term luxury apartments, according to the bid document obtained by The Advertiser.

But Treasurer Tom Koutsantonis told The Advertiser that his department advised Mr Harrop and Mr Villis in November that the court bid could not proceed as plans were already underway on a $31 million redevelopment and upgrade of the court buildings.

“The department also advised that the proposal did not provide any unique financing arrangements and would impose a considerable cost to taxpayers,” he said, not expanding further.

“It would also require certainty for a hotel and residential accommodation development.”

Mr Harrop said the consortium also lodged a separate $5 billion 10-year plan with the council last October to redevelop the Central Market Arcade — wedged between Victoria Square and the Adelaide Central Market — as part of an Expression of Interest process for the site.

Among the consortium’s plans were:

A REDEVELOPED Sir Samuel Way building to include two 30-storey towers featuring five-star hotels and apartments above the site;

FOOD hall and market within the existing Sir Samuel Way building linking through to the existing Central Market;

EXPANDED parking for more than 3000 cars;

STAGED construction of up to 6000 apartments over the existing Central Market site for students, key city workers and retirees over a five to 10 year time frame.

Mr Harrop, who initiated the development of the $1.5 billion Melbourne Central Shopping Centre, said the market proposal was not accepted on the grounds he did not have “enough experience” on major projects.

He rejected that suggestion and said the “door has been slammed” in the face of Chinese investment despite the government having spent “millions trying to attract this calibre of long term capital investment into state”.

“The South Australian government has spent millions of dollars up in China dancing around with their straw hat and cane trying to woo institutional investment,” he said.

“Th old RAH site the bidders there were backed by a Chinese government state corporation and they (Government) slammed the door in their face on a $2 billion project for political expediency.

“South Australia is not getting its share of national visitation from China because of serious shortfall in five and six-star leading international hoteliers.

“We (consortium) plan to add about 75,000 to 100,000 additional Chinese tourists per year, about 5000 to 7000 new jobs in tourism infrastructure with great career pathways for young South Australians plus a boon for Rundle Mall retailers and service providers.”

Mr Harrop said Adelaide was lagging behind other Australian cities, citing seven hotels had opened in Perth in the past few years with another 20 set to open by 2020.

“Adelaide is missing out on many billions of dollars in shopping revenue, and jobs and probably 3000 to 4000 jobs are withering on the vine from the lack of 5-star and 6-star hotels, let alone the suppliers who supply all the products and services,” he said.

Mr Harrop said the consortium also made a bid of “in excess of $200 million” for the State Administration Centre building last year and a $36 million play for the Le Cornu site.

Adelaide City Council associate property director Tom McCready said all successful EOI submissions for the market arcade were in “keeping with the defined guiding principles”.

The sort of numbers thrown about by Barrie Harrop are barely believable ... it doesn't have much credibility in my opinion.

$5bn development above Central Market Arcade with 6000 apartments??? That would make Hong Kong density look like a country town in comparison.

Sounds like he has a penchant for grossly over-exaggerating his numbers.

[phenom]

Yep, and another clickbait headline from the Advertiser suggesting an anti-Chinese agenda when a cursory reading shows the obvious issue - this plan was pie in the sky (especially given the change in the Chinese Government's own approach to investment in things like residential towers in foreign countries), with 'inexperienced developers' (being polite) and dependent no doubt on a deal that would be of ridiculous cost to the taxpayer.

Anyone tracking this through the thread (and outside of it) would be aware the Govt was keen to do this but also had other pressing issues to spend (limited) resources on. The comments suggest that they remain open to a deal with a developer that doesn't want a golden ticket and I'm guessing at the moment they are few and far between.

[Pants]

[Pants]

Looked nice, but.

[[Shuz]]

Never seen that render before. It looks a wee bit out of proportion compared to its surroundings.

[Pikey]

Jesus... Might look massively out of scale there, but throw in Echelon etc, and it would look fine.

Interesting design (even though the top floors look like a bit of dodgy photoshop clone work) with 28 office floors above the podium which looks to be 7 levels plus void would put it at around the 135m tall mark.