OLD ROYAL ADELAIDE HOSPITAL BILLION DOLLAR REDEVELOPMENT FALLS THROUGH
Written on the 19 September 2017 by David Simmons
THE site housing the old Royal Adelaide Hospital will be managed by the South Australian Government after a billion-dollar redevelopment plan fell through.
The government will take control of the redevelopment of the seven-hectare site, meaning all elements of the project will be in the hands of the public.
In 2016, the Government announced Commercial & General and John Holland would undertake a billion-dollar redevelopment of the old hospital site, which would turn the land into penthouses.
The South Australian Government announced the site will go the way of Bowden, Tonsley, and Festival Plaza, and be transformed into a mixed-use development site.
South Australian Premier Jay Weatherill says the Government does not want to see the heritage site, firmly planted in the Adelaide parklands, to be left to the market to decide what to do.
"We don't want to see this vital piece of our city fenced off for years to come and left to the market to dictate what happens and when," says Weatherill.
"By maintaining control over the old Royal Adelaide Hospital site we will ensure that the interests of South Australians are paramount rather than the interests of private developers."
Business News Australia
Author: David Simmons