RNA renovation to reap economic rewards


Stage two of the multi-billion dollar RNA refurbishment has been launched.

It’s hoped the development will re-energise the site’s historic roots.

Nicole Keijzer reports.

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Stage one of the RNA’s redevelopment included a $70 million revamp.

Today, Premier Campbell Newman unveiled stage two.

Campbell Newman, Qld Premier: “This will generate 1,400 jobs, and sees three new important projects be delivered.”

The historic landmark is being modernised, including construction of the vibrant King Street precinct.

It’ll include a four-star international hotel, forty retail and food outlets, and more than 400 new homes.

Andrew Hay, Land Lease Project Director: “King Street is going to be a vibrant new street, with a range of retailers, a real focus on paddock to plate.”

Premier Newman says he’s thrilled the project will create new jobs and generate more than $300 million a year for the Queensland economy.

Campbell Newman, Qld Premier: “Great jobs during construction, jobs during the ongoing operations of the restaurants, clubs, bars, etc, and also of course the jobs in hospitality on the hotel.”

But the real plus-side of the $2.9 billion project is the convenience of King Street, linking an accessible path between St Pauls Terrace and Fortitude Valley.

Construction is in full-swing, with the Valley end of the street ready in time for next year’s Ekka.

But the final development won’t be ready until 2017.

15,000 people will live, work and play in the area once it’s complete.

Nicole Keijzer, QUT news.