You might have heard about the new Brisbane Live arena that is set to be built over the coming years. The Queensland Government has started releasing more information about the massive development, including draft plans. Plans for the 17,000-seat entertainment venue have been in discussion for years, and form part of the precinct strategy of the new Cross River Rail project. Many are also expecting the arena to play a key role in Brisbane’s bid to host the 2032 Olympic Games.
“We know that by unlocking under-utilised land in the heart of the city like Roma Street, we can leverage significant private sector investment,” Queensland premier Annastacia Palaszczuk said in the announcement.
Final approval is yet to be given for the major project, and it is understood that venue operator ASM Global and entertainment promoter Live Nation are lead proponents to build and manage the arena. Once a final plan by the appointed builder and manager is approved by the State Government, the project is expected to move quickly ahead, although we can not help but think that this may be dependent on the 2032 Olympic Games bid outcome.
A new 32-hectare Roma Street Cross River Rail priority development area (PDA) has also been declared to “fast-track the development and delivery” of the new underground station, which would sit below the new arena. The state government will work with Brisbane City Council to finalise the development scheme for the site which is expected within the next 18 months.
For people who own or rent apartments in the area, the Brisbane Live development will mark a major infrastructure upgrade to the area. This could potentially increase the value of the apartments and homes, marking the area as one to watch over the coming years.