The City of Perth is getting a $1.5 (US$1) billion makeover in a joint COVID-19 stimulus project with the federal government.
More than half a billion dollars will be spent on a new West Australian university campus in the heart of the CBD.
Edith Cowan Universitys (ECU) Creative Industries, Business and Technology Campus will cost $695 million in federal and state funds, and is expected to attract thousands of students and staff into the city centre.
Two other universities, Curtin and Murdoch, will also shift or expend their campuses in the city to the tune of $360 million.
Perths cycleways, footpaths, and bus stops will get an upgrade while $42 million will also be spent on refurbishing the Concert Hall.
Meanwhile, the Western Australia Cricket Association will get a $100 million face-lift complete with a new swimming pool.
Prime Minister Scott Morrison says the project will be a game-changing investment for the city.
“This is a JobMaker investment which will generate employment for thousands of hard-working West Australians. It will boost those businesses that are already in the CBD and it will drive new businesses to open,” Morrison said in a statement.
In return, the state government will take full ownership of ECU.
The universitys new campus will combine the renowned WA Academy of Performing Arts (WAAPA) with schools of business, law and advanced technology and cybercrime centre.
WAAPA alumni include Hugh Jackman, Lisa McCune, and Tim Minchin.
Its hoped the campus will attract 9,200 students by 2025 and more than 11,000 by 2034, as well as thousands more theatre-loving tourists to its stage productions.
The development will create 3,000 jobs during its construction phase with 380 ongoing positions, and generate $1.5 billion in economic stimulus.
Premier Mark McGowan said the investment wouRead More – Source