2017-18 ACT Budget outlines an exciting future for Canberra’s CBD  

Canberra’s future looks more exciting than ever, as the city centre takes focus in the 2017-18 ACT Budget.

ACT Chief Minister Andrew Barr today outlined his vision for growing a city centre befitting of Australia’s national capital, a vision In The City Canberra shares. The budget papers spell out a period of growth amidst sensible financial restraint.

Commencing on July 1, the City Renewal Authority will help drive the revitalisation of central Canberra, from Dickson through to the lake at West Basin.

“We are confident that In The City Canberra and the new City Renewal Authority complement one another in a multitude of ways,” says In The City Canberra CEO Jane Easthope. “Ultimately, we have the same goal; to create a more vibrant city centre.”

Now in their 11th year of operation, In The City Canberra is funded by a levy paid by commercial property owners in the City and Braddon. Led by levy payers representing all levy payers, the organisation delivers a targeted program of drawcard events, promotional activities, capital improvements and cleaning and security services to the district.

“It is reassuring that the $1.8 to $2.0 million City Centre and Marketing Improvement levy continues to support levy payers,” says Ms Easthope. “In the next couple of months, we look forward to meeting and working with the City Renewal Authority.”

The City Renewal Authority will focus on working with the community on the renovation and investment in government owned property and land in the City and surrounds. The Authority will focus on the delivery of design-led, people-focussed urban renewal, such as the West Basin project and other infrastructure projects.

“Our knowledge and networks are incredibly useful to the new organisation, whose remit is to inclusively design and deliver urban renewal, grow and diversify the economy and work with the private sector”, says Chair of the In The City Canberra Board Tony Hedley.

The City Renewal Authority will work with a start-up budget of $9.5 million plus budgets transferred from other parts of government, such as the West Basin and City Activations Units, totalling almost $15.0 million.

In the meantime, In The City Canberra will focus on the job in hand; to continue to support over 30 organisations a year to run events and manage many contracts with local Canberra businesses.