Potential partnership opportunity identified for The Precinct
Following the Expression of Interest process, which attracted strong interest from the private sector, Council and its commercial advisers have identified a potential partnership opportunity to bring the Community, Sport and Recreation Precinct (The Precinct) to fruition.
The next phase of the project will see Council enter into commercial-in-confidence negotiations to progress commercial terms that ensure the partnership provides the best outcome for our community. This phase also includes further legal, commercial and prudential due diligence.
The negotiations will take place over the coming months and it is expected we will be in a position to provide an update in April 2024.
We know there are great expectations from many within our community when it comes to delivering The Precinct. Please be assured that The Precinct remains the Council’s top priority major project and the latest decision is an exciting step forward.