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Policies and initiatives > Direction 4. A more prosperous city > Policy 4.2

Policy 4.2– Strengthen Central Melbourne’s capital city functions and its role as the primary business, retail, sport and entertainment hub for the metropolitan area

Central Melbourne is Victoria’s largest and most varied focus of activity. One of the nation’s principal concentrations of business, tourist, cultural, entertain-ment, research and government activity, it is a major hub of transport and communications networks and the State’s gateway to the global economy. Despite the effects of information technology and the knowledge-based innovation economy, it remains a place where human contact is valued. Victoria’s prosperity will continue to be strongly linked to that of Central Melbourne. The Government will maintain and build on that prosperity.

However, while the City of Melbourne is one of the State’s fastest-growing municipalities with increasing population and many billions of dollars committed in development investments that will benefit the region and the whole State, Central Melbourne still faces difficult challenges. Some business head-quarters have relocated elsewhere and there is increasing competition for investment from other cities in Australia and overseas. Major changes to service provision are being forced by the changing nature of retailing and employment, and by competition from Principal and Major Activity Centres in the suburbs.

Further growth in appropriate areas of Central Melbourne will be encouraged. Growth will continue in Southbank and Docklands (as mixed residential and commercial precincts). Development in sympathy with the character of the area and that retains its high quality of amenity will also occur in the biotechnology research, education and production precinct centred in Parkville but will be limited to uses that accord with the research focus of the precinct.

The Central Activities District will be planned and managed to retain its position as the prime office and retailing centre for the metropolitan area as well as a major destination for visitors. Large-scale sport and entertainment facilities of State or national significance will be located within Central Melbourne and close to the Principal Public Transport Network.

To retain and attract visitors and highly skilled workers, a variety of housing types will be provided and amenity and transport and communications infrastructure will continue to improve in this area.

More than any other part of metropolitan Melbourne, Central Melbourne depends on the quality and capacity of the public transport system to move people to, from and around it. Yet, while it has the city’s best network of services – tram, bus and train – Central Melbourne is experiencing capacity limitations that, if not addressed, will make it difficult to meet the Government’s target of 20 per cent public transport mode share by 2020. The capacity constraints mainly affect tram and train operations. They will be addressed in line with increased demand.

Continued investment in Central Melbourne is proposed to increase its attractiveness as a place that draws globally-oriented business activities and tourists from overseas and interstate (see ‘The Yarra Plan’). This is the area that encapsulates metropolitan Melbourne and Victoria for many overseas and interstate visitors. Its parks and gardens, conference and exhibition facilities, museums, concert halls and art galleries, urban design and public buildings match the best in the world, and make it a place for face-to-face contact and interaction with people. These high standards will be maintained.

A program of ongoing investment in Central Melbourne is required for public and private sectors. The partnership between the Government, the area’s local governments, including Melbourne City Council, and business organisations will be reactivated to identify and target key projects, coordinate implementation, monitor progress and maximise the benefits flowing from investments.

Initiatives

4.2.1 Work with major stakeholders to develop Central Melbourne’s attractiveness to all major sectors, and its role as a regional hub for globally competitive business
and tourism
4.2.2 Complete currently committed civic improvement projects, including the new facilities for the Commonwealth Games, improvements to the Yarra Northbank precinct and additional facilities in the arts precinct
4.2.3 Work towards provision of major new facilities, such as an enlarged convention centre, and completion of the Yarra Plan
4.2.4 Investigate ways to improve the capacity of the public transport system in Central Melbourne, including upgrading signalling in the Underground Loop and the potential for new tram links to Fishermans Bend/Port Melbourne, Docklands and Southbank

The Yarra Plan
In February 2001, the Premier asked the Department of Infrastructure to lead the development of an integrated development and management plan for the Yarra River precinct in Central Melbourne. The aim was to provide a long-term vision, and to promote the precinct as a vibrant waterfront environment for tourism, commercial and residential activity leading up to the Commonwealth Games in 2006.

The Government wants to see this precinct developed as:

  • an essential part of central city attractions
  • a highly accessible and safe area
  • a high-quality pedestrian and cycling environment with linkages along and across the precinct
  • an area capable of hosting major festivals and events
  • a focus for the 2006 Commonwealth Games.

The Yarra Plan incorporates public and private projects to unlock and unify Melbourne’s inner-city riverside location.

It integrates the many land-use and development opportunities around the Yarra River, enhancing the riverside setting as a popular destination in the heart of the city and the premier sport, recreation and entertainment destination in Victoria, if not Australia. Implementation will extend to 2006.

Key projects include:

  • constructing Northbank Promenade
  • developing Queensbridge Square
  • redeveloping Richmond Station
  • upgrading the Melbourne Cricket Ground
  • upgrading Melbourne Park and Olympic Park
  • revitalising the intersection of King and Flinders Streets and the surrounding area
  • redeveloping the site of the old Fish Market in Flinders Street
  • redeveloping Sandridge Bridge
  • undertaking significant residential development in Southbank.

34. Northbank concept

Figure 34. Northbank concept - click for more detail