A TRANSFORMATIONAL PLAN – A MAJOR ECONOMIC STIMULUS AND JOBS CREATOR FOR GEELONG WITH “ZERO” COST TO GOVERNMENT.
Application for a grant of crown land MAY 2012 | version 1.0
“ Elms Partners Limited has developed what we call a “Transformational Plan” for the City of Geelong, a plan that contributes socially, economically and environmentally to the City.
In order to commence detailed analysis and planning work required to give effect to the “Transformational Plan”, the City of Greater Geelong has asked Elms Partners to assist with the preparation of this application for the grant of a small slice of Crown Land to be excised from the Eastern Gardens water front edge in Geelong. “
Chairman and founder, Elms Partners
This rare universal support has been achieved because the basis of the Transformational Plan creates an outstanding, fully funded, community benefit that includes;
• A world-class arena with convention and exhibition facilities,
• Substantial improvements and beautification of the Eastern Gardens,
• A hotel and serviced apartments, together with the generality of the plan to underpin and support increased Geelong and regional tourism,
• A highly desirable water front lifestyle precinct, including an increased number of marina berths that capitalizes on Geelong’s northerly facing Corio Bay frontage, and
• An express water taxi service that connects Geelong to Avalon, Melbourne and Frankston.
In combination, the sum of all the component parts of the Transformational Plan contributes to the economic, environmental and social sustainability of Geelong and the Region.
The Transformational Plan has been developed with the objective of substantially contributing to Geelong’s economic prosperity and desirability through the catalyst of a comprehensive development thesis, the sum of which will transform Geelong and the wider Bellarine by including;
01:: Financial structuring, strategy and detailed analysis that integrates with the optimum master plan, and defines a complete build programme achievable at no cost to the public purse.
– A world class cultural and business landmark – the East Shore Centre to be retained as public property with an estimated net surplus in excess of $7.5 million per annum.
– Significantly enhanced public spaces including a privately owned and operated world- class hotel and serviced apartments,
– Privately owned shoreline residential apartments constructed on piers extending into the shallow water of Corio Bay
02:: Employment and flow-on business creation within the development project that ensures economically sustainable development.
03:: Differentiation of Geelong’s distinct character from Melbourne as a welcome lifestyle alternative.
04:: Iconic architecture that positions Geelong as a desirable destination in which to work|play|stay|live. G
High level analysis of the economic impact focuses on the macroeconomic, flow-on effects of introducing more income into the local economy from external sources. Internal regional cash flows into the project (endogenous) are a substitution of local spending from one locus to another.
However, increased external (exogenous) spend will add to the pool of local wealth.
The Impact of Construction
· The total project cost is currently estimated at A$725,000,000
· The estimated number of jobs created during the construction phase is 830 of which 500 are local
· The estimated number of jobs created during the operational phase is direct employment 550 and indirect employment 800
· Over the construction period of approximately four years, we estimate the direct injection of funds into the economy from external sources to be roughly A$450,000,000.
· The estimated annual economic impact during the operational phase is $86,600,000
ACHIEVING THE TRANSFORMATIONAL PLAN WITHOUT NET GOVERNMENT INVESTMENT OF ANY KIND IS CENTRAL TO THE STRATEGY.
We intend to uncover the value inherent in the site to attract private investment on a scale that will pay for the entire development including the landmark East Shore Centre.
The East Shore Centre and all of its economic and social benefits will be a gift to the people of Geelong, and in addition they will have access to an exciting and vital new hub for the city.
Our plan includes landscaping the shoreline park areas, and providing a promenade that houses vibrant cafes, bars, and restaurants. This too will become a major asset to the city at no cost to the ratepayer.
01:: Transformation of the waterfront adding a vibrant new dimension to the city’s character.
– State of the art infrastructure with an emphasis on a waterfront lifestyle and leisure precinct to match the best in the world.
– Public parks devised around the principals of genius loci, including public space features, sculptures and art.
02:: An iconic venue to host entertainment, business and education events.
03:: A “zero” cost to government on the basis of our plan and yet it is a major economic stimulus and jobs creator.
04:: An increased sense of city pride.
01:: Contemporary landmarks and World-Class Hotel
02:: Positive change in perceptions of Geelong
03:: Greater visibility of investment opportunities in Geelong
04:: More reasons to visit and stay in Geelong
05:: A greater experience in Geelong
SURPLUS TO GOVERNMENT
01: The transformation of Crown Land achieving the required development approvals based on a coherent master plan creates land value conservatively estimated at $120,000,000 and as high as $140,000,000.
02:: We propose the realized value of the master planned buildable area will be invested in the necessary infrastructure, public place making, recreational facilities and the capital costs of The East Shore Event Centre.
03:: The East Shore Centre managed and operated efficiently will deliver an ongoing positive cash flow to the City. The significant residential and commercial components will also increase rate revenues to the City, however this plan does not assume or rely on any net increase in rate revenues.
Further development potential outside the water front precinct envisaged by the Transformational Plan could also be realised through capital raising financed by cash flow from the East Shore Centre.
THE GEELONG OPPORTUNITY :: LOCAL CONTEXT
Positioning Geelong as a waterfront lifestyle destination and events centre gives definable purpose to the downstream master plan ideas we have generated.
Elms Partners objectives are based on some key principals;
01:: Activating the Geelong waterfront to create an unmatched, purpose designed, culture and lifestyle precinct in Australia.
02:: Giving emphasis to the parkland by activating its edge and definition.
03:: Creating a place making architectural statement for the East Shore Events Centre.
04:: Aid the City’s efforts in attracting inward investment and further development.
05:: Creating a boulevard, anchored by the East Shore Events Centre and creating a vibrant retail and entertainment strip.
Hope you did not miss
2013 BELLARINE 2050 Forum 3,
We listened to one of the great leaders in AFL,
Brendan McCartney / Senior Coach Bulldogs.
This inspirational video clip from the Rising Star awards gives you a small insight into how a great leader thinks and engages his audience, as well as to the character of the person. His talk was extremely motivating to all who attended the 2013 Bellarine 2050 Forum 3.
Brendan was the introductory guest speaker at Forum 3 to be held at Suma Park,
Bellarine Highway, Marcus Hill, on Friday 18th October, commencing 9.00am .
After Brendon’s inspirational speech the forum attendees were asked to form into adhoc groups to take part in some workshops that were to be formulated into ongoing programs for the benefit of all who live and work on the Bellarine Peninsula.
These workshops were closely monitored by the “master of ceremonies” to keep to a format of
“How can we create positive outcomes for various areas of critical Food Water & Energy security issues?”
The first video to actively bring some ideas to the fore on “Energy Security” – More soon..
committee for bellarine
Developing the vision for Committee for Bellarine involved
looking at the group of people interested in the network.
The following became clear –
*We are community based, ie. made up of locals with diverse skills and interests
*We recognize that growth on The Bellarine is inevitable.
*We want to protect our own investments in real estate, lifestyle, businesses and relationships.
*We know that a sustainable future includes fostering business and the creation of employment within The Bellarine.
*We care about the environment and the people of the region.
*We need to be non-partisan and relentlessly positive.
*We have strengths that include a broad range of specific skills, experience and knowledge; an extensive range and quality of contacts; access to funds and funding sources; time and energy;
and innovative thinking and openness to BIG IDEAS!
So, the vision is:
To identify, facilitate and promote specific sustainability activities on the Bellarine relating to water, waste, energy and biodiversity.
Identify = we take ideas and create real projects.
Facilitate = we connect the appropriate people, find practical solutions and define next steps.
Promote = we communicate openly, responsibly and effectively within our network, our partners, the community, and the media.
The proposed values are:
Inclusive | Positive | Clever
committee for bellarine
Statement of Purpose:
The Committee for Bellarine will act as a catalyst by researching, validating, building community support, and initiating, longer-term projects.
These will materially improve the quality of life for all citizens of the Bellarine in harmony with the many community groups and institutions also working in the interests of the Bellarine community by –
Stimulating innovation and leadership
Building a community-wide understanding of the evolving national and international landscape together with a community consensus of the steps required to benefit from these evolutionary changes.
Pursuing policies to improve community prosperity.
This will require stimulating employment and economic opportunities by promoting the strengths of the region’s diverse infrastructure, human resources and potential for growth. This recognizes the need to drive innovation and dynamism throughout The Bellarine business community.
Creating employment opportunities.
Advocating an environment of awareness among residents, ratepayers, business owners, local / State/ Federal governments of the need for support for the creation of an alternative base for employment opportunities.
Improving sustainability education and knowledge management.
Promoting the concept of managing for environmental sustainability whilst maintaining a balance with a healthy economy aligned with a strong sense of social well-being and the natural environment.
Promoting The Bellarine
Promoting The Bellarine as an attractive location for cultural, recreational, and tourism pursuits the recognizes the outstanding geographic, historical, social and rural features of the region.
Encouraging youth participation.
Advocating for the social, cultural, environmental and economic infrastructure necessary to provide the opportunity to fulfill their potential within specific areas of education, health, transport, communications, culture, housing, and related human services.