Lands Minister Doug Shave today launched a waterfront revitalisation project that is expected to generate a further
$50 million of investment in Bunbury.
Marlston Waterfront, the next phase of the award-winning Marlston Hill Project, will give the city a busy new tourism precinct.
Work is due to start mid-year and the developer, LandCorp, will incorporate mixed-use commercial, tourism, retail and residential land uses in the project.
“Marlston Waterfront is another example of the Government’s commitment to regional development,” Mr Shave said, when unveiling the project concept plans.
The Minister acknowledged the sustained support of local MPs Ian Osborne and Dan Sullivan for Marlston Hill and other projects that had boosted economic and employment opportunities in Bunbury and the region.
“Tourism in Bunbury and the surrounding area is growing quickly. Projects like this encourage visitors to stay longer. This is important as tourism experts say every extra one million dollars spent by visitors creates 13 jobs,” he said.
LandCorp has called for tenders for a multi-million-dollar infrastructure contract to create an initial three super lots and four development sites.
Each lot is designed to appeal to a wide range of investors and commercial ventures.
“Investor confidence in Marlston Waterfront is already high with Kareelya Property Group - best known for its Broadwater hotels and resorts - committing to a multi-million resort development in the precinct,” Mr Shave said.
“Bunbury’s old grain silos, a local landmark, are to become the centrepiece of the Kareelya Group’s development.”
Bunbury Mayor John Castrilli said Marlston Waterfront had the potential to lift Bunbury to a new level of development.
“For the first time a major construction project will provide an integration of our waterways, the city’s greatest asset, and the central business district,” Mr Castrilli said.
“This is an exciting project which opens up a wide range of innovative marketing and economic development opportunities.”
(The first stage of Marlston Hill won the Urban Development Institute of Australia’s national award for excellence in urban renewal earlier this year)
Media Contacts: John Clune (Minister’s Office) 9213 6500
Bob Charteris (LandCorp) 9482 7499