Hon David Templeman Dip Tchg BEd MLA

Hon David Templeman Dip Tchg BEd MLA

Minister for Culture and the Arts; Sport and Recreation; International Education; Heritage

    Revolving Fund to revitalise WA’s heritage places

    10/05/2018 3:25 PM
     
    • State Budget to invest another $4 million of sales proceeds to continue the Heritage Revolving Fund
    • Disused public heritage buildings to be repaired and reactivated, with sales proceeds reinvested into new projects
    • Heritage revitalisation helps support tourism, jobs and the economy 

    The McGowan Government has committed to supporting jobs and boosting the economy, through heritage tourism, by reinvesting $4 million of sales proceeds over two years into the Heritage Revolving Fund.

     

    Since the establishment of the Revolving Fund, two heritage revitalisation projects, the Coogee Hotel and the Warders' Cottages, have been completed. 

     

    Proceeds from these sales have been returned to the Revolving Fund.

     

    The McGowan Government will invest $4 million of sales proceeds towards new projects over the next two years.

     

    Heritage assets that will be considered for repair and reactivation work include the Fremantle Technical School, WA Bank in Kalgoorlie, Maylands Brickworks, and the Highgate Police Station and Ventilation Stack.

     

    The Revolving Fund is designed to be self-funding, with completed projects earmarked to return $5 million that will be reinvested in other future projects.

     

    For more 2018-19 State Budget information, visit http://www.ourstatebudget.wa.gov.au

     

    Comments attributed to Heritage Minister David Templeman:

     

    "This program is evidence of the McGowan Government leading by example in taking care of heritage assets.

     

    "The fund allows disused publicly-owned heritage properties to be prepared for a brighter future, typically involving repair followed by a guided sale or lease.

     

    "Each Revolving Fund project presents special challenges to conserve and adapt the place to a new compatible use.

     

    "This is a fantastic initiative that provides benefits for the community by finding solutions.  It repairs neglected heritage places, addresses obstacles to reuse where possible, and enhances financial value for the benefit of the taxpayer."

     

    Minister's office - 6552 5400