- A JV between the Allan Government and AFL was recently announced.
- The JV will explore redevelopment opportunities at 140 and 160 Harbour Esplanade.
- The Government has invested $225M towards the Marvel Stadium redevelopment.
The sites at 140 and 160 Harbour Esplanade in Docklands could soon be transformed as a joint venture agreement between the Allan Government and Australian Football League (AFL) is announced to explore redevelopment opportunities.
The agreement is between Development Victoria, the Government’s property developer, and major project agency, and the AFL.
“The Joint Venture will unlock a major new opportunity in Docklands to deliver housing, commercial and entertainment developments that transform Docklands’ waterfront and enhance Marvel Stadium as a sports and entertainment precinct,” said Acting Minister for Development Victoria, Natalie Hutchins.
Development Victoria, the authority responsible for the development of Docklands, acquired the leasehold to 160 Harbour Esplanade in 2018; the site is currently occupied by the Channel 7 broadcast centre, which is adjacent to AFL House.
One opportunity includes the future redevelopment of these sites and integration with Marvel Stadium to deliver a mixed-use development that revitalises the Docklands waterfront, along with enhancing the stadium as a sports and entertainment complex.
The Government has invested in the stadium, with a view to attracting world-class events for the next 30 years.
“We invested $225 million to fund the redevelopment of Marvel Stadium so that we can continue to attract sporting and entertainment events to Melbourne and ensure Victoria remains the major events capital of Australia,” said Minister for Tourism, Sport and Major Events, Steve Dimopoulos.
A Planning Scheme Amendment application to change the Melbourne Planning Scheme to include potential building outlines and design requirements for future buildings on the sites has been lodged for consideration by the Minister for Planning.