The Federal Government, the South Australian Government and the City of Adelaide have signed a 10-year agreement for the $551 million Adelaide City Deal which is designed to boost economic growth, enhance cultural tourism and build the city’s future as a centre of innovation excellence.
The deal paves the way for Lot Fourteen (the former site of the Royal Adelaide Hospital) in the north-eastern corner of Adelaide’s CBD to be transformed into an innovation precinct.
Lot Fourteen will host the headquarters of the Australian Space Agency, its mission control facility and the Australian Space Discovery Centre, as well as major cultural attractions, high tech businesses and world-class education facilities.
Prime Minister Scott Morrison believes the City Deal will stimulate Adelaide’s cultural economy through investing in an Aboriginal Art and Cultures Gallery and an International Centre for Tourism, Hospitality and Food Studies at Lot Fourteen.
“It will also boost tourism by investing in key projects such as the Heysens Gallery in Hahndorf, the Mitcham Hills and Glenthorne Trails in southern Adelaide, and upgrading Carrick Hill House at Springfield to include a visitor centre,” he stated.
Now that the deal has been signed it is expected that the Governments will work together to prepare an Implementation Plan within the next six months, setting out timeframes and responsibilities for commitments.
This will include engaging with other local Governments and collaborating with the University of Adelaide, Flinders University, and the University of South Australia.
More information on the Adelaide City Deal can be found here.