Adelaide Oval: City traders brace for boost in business
Business5 May 11 @ 06:00am by Alice Higgins
HAPPY days: Evan Katsaros of the Worldsend Hotel Andrew Wallace of the Adelaide West End Association and Campus Color owner John Kelly.
Traders are rejoicing in the news that Adelaide oval will be transformed into one of the country’s premier sporting hubs, expected to pumphundreds of million into the CBD economy each year.
They say the $535 million redevelopment, which will seat 50,000 spectators, will entice a million more visitors to the city each year, giving traders a much-needed boost and revitalise the CBD.
The redevelopment was given the green light after 80 per cent of SACA members voted in favour of the proposal at this week’s ballot.
Rundle Mall Management Authority Chairman Theo Maras said the upgrade would “change the landscape” of the city.
“If planned and dealt with in a way that will benefit the economy of the city, this could mean hundreds of millions of dollars to the economy of the city annually,” Mr Maras said.
“It’s not about just coming in and parking your car, it’s about coming in and parking your car and eating and drinking before hand, eating and drinking afterwards, shopping, going to the museum and art gallery.
“I think this, together with a riverbank development, will be where it’s all at.”
Rundle Mall general manager Martin Haese said the redevelopment, which will bring AFL games to the city, would inject millions of dollars into the shopping strip each year.
“This is one of the biggest changes in the CBD for some time,” Mr Haese said. “Anything which turns the attraction back onto the centre of the city is good for a Rundle Mall trader.”
Adelaide West End Association president Andrew Wallace said it created the opportunity to attract new shoppers to the precinct.
“There’s the potential to bring families back to this part of the city and activate the west end more fully into the week instead of just two nights a week,” Mr Wallace said.
Late Night Traders spokesman Tony Tropeano said the revamp signalled the start of the city’s revitalisation.
“Any development for the city is a plus,” Mr Tropeano said.
“It’s fantastic to have great plans but everything else must go along with it - there needs to be facilities and services to cater for those people one they’re there.”
Business SA chief executive Peter Vaughan said an upgraded Adelaide Oval would create more than 400 full time jobs and pump $111 million into the economy each year.
“It will refresh the whole riverbank precinct and bring significant benefits to the city of Adelaide and the whole of SA,” Mr Vaughan said.
Lord Mayor Stephen Yarwood said the redevelopment would bring an extra one million visitors to Adelaide each year.
“It’s a game-changer for the city,” Mr Yarwood said. “I’m really pleased the community has sent such a powerful message of their desire for change.”
Mr Yarwood said the council had started negotiations with the State Government to discuss “governance and operations arrangements” and a report would be presented to the council as soon as possible.
“We don’t have a detailed final proposal, it was a matter of waiting until this hurdle (SACA vote) had been jumped ... ,” he said.