Monday, 21 September 2020
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$33.6m awarded to Ipswich CBD retail precinct

More than $33 million dollars was approved to be spent on the Ipswich CBD retail refurbishment for the Nicholas Street project. 

A KPMG report tabled at the Ipswich Central Redevelopment Committee meeting on August 20, put forward the case that it was in the best interest of the council to proceed with the retail strategy. 

Hutchinson Builders, who were given the first contract with the government to construct the library, civic plaza and council administration building was awarded a contract variation to continue working on the retail segment of the redevelopment. 

Cr Doyle admitted that the spend of $33.6 million would raise concerns but overall felt it was integral to the success of the precinct. 

“I can assure the community that the further cost at this stage of the redevelopment is in line with expert advice from professional advisers to the CBD redevelopment, including KPMG, and is considered key to the success of the overall precinct,” Cr Doyle said. 

The area is expected to include a cinema complex and indoor go-karting track. 

The progression of the retail aspect comes after the library reached practical completion which will open to the public later this year. 

The retail features are predicted to open September 2021.