Plan released for $551m Adelaide City Deal, focused on Lot Fourteen

Lot Fourteen is at the centre of a plan released today outlining how the $551 million Adelaide City Deal will boost the South Australian economy.

The City Deal is a partnership between the State and Federal Governments and Adelaide City Council which aims to grow Adelaide’s innovation economy, support population growth in South Asutralia and boost Adelaide’s cultural and tourism economy.

Premier Steven Marshall, Federal Minister for Population, Cities and Urban Infrastructure Alan Tudge and Adelaide Lord Mayor Sandy Verschoor announced the implementation plan today at Lot Fourteen innovation neighbourhood.

The plan sets out key milestones for projects, timeframes and who will be responsible for delivery. The First Annual Progress Report will be released in the first half of 2020.

South Australian Premier Steven Marshall said key projects under the deal would transform Lot Fourteen into the innovation centre of the nation and boost local jobs.

“This deal represents a real turning point for South Australia’s economy and paints a bright picture for the future of our state,” Mr Marshall said.

“The Adelaide City Deal has a focus on transforming Lot Fourteen into a job-generating, nation-leading innovation hub, while also boosting our cultural economy and busting congestions on our roads.”

Highlights for Lot Fourteen in the next 12 months under the City Deal include:

Australian Space Agency will establish in the newly refurbished McEwin Building, supporting new jobs and business opportunities in the space sector

• 300 workspaces will be available for new businesses and entrepreneurs
• More than 1000 people will be working in the Lot Fourteen neighbourhood
• Progress will be made on the design of buildings for the Entrepreneurship and Innovation Centre, the Aboriginal Art and Cultures Centre and the International Centre for Food, Hospitality and Tourism Studies.

Refurbishment of Heritage listed buildings will be completed

Federal Minister for Population, Cities and Urban Infrastructure Alan Tudge said the 10-year City Deal was a great partnership across the three levels of government which will deliver projects to enhance Adelaide’s reputation as a great place to live, visit, study and work.

“We’ve already made significant progress. More than $100 million in construction contracts have been awarded at Lot Fourteen, which is set to become one of the world’s leading centres for entrepreneurs, start-ups and innovation,” he said.

Lord Mayor of Adelaide Sandy Verschoor said with solid plans in place, the City Deal’s key projects would soon become a reality.

“This is an exciting time for Adelaide, with projects under the City Deal set to create a number of local jobs and attract more tourists to our beautiful city and surrounding regions,” the Lord Mayor said.

The Adelaide City Deal also includes investments in cultural and environmental sites including the construction of the Heysen Gallery at Hahndorf, a pavilion at Carrick Hill and the Mitcham Hills Trail and Glenthorne Loop.

More information: https://www.infrastructure.gov.au/cities/city-deals/adelaide/