CITY of Canning moved a step closer to realising its dream for the City when councillors unanimously voted to endorse the City centre regeneration program at last week’s ordinary council meeting.
The City officer report to council stated the program prioritised proposed works over three phases with an estimated capital expenditure of $69 million.
The decision formally signals a shifting of the program from the planning phase into implementation phase.
“Commencing implementation of the program will significantly show council’s commitment to transforming the City centre and help build private sector confidence to invest further in the transformation of the City centre,” the report said.
The combined public and private sector investment over a 20 to 30 year period was expected to deliver a vibrant urban centre with potentially 10,000 dwellings, up to 25,000 residents, $5 billion in output and 15,000 jobs.
Through the program, the report said the City would be given a new ‘heart’ including transit orientated developments near the train station, revitalised Canning City Centre, a revitalised Cecil Avenue designed and landscaped for pedestrians, and the Westfield Carousel shopping centre expansion.
The program was expected to result in both improved property values and business viability.
Councillors also agreed to permit the chief executive officer to prepare a funding plan for the program and supported the establishment of a lending facility with the West Australian Treasury Corporation.
They also requested the City provide further information on plans for Cecil Avenue West and external funding regimes and supported the commencement of discussions with property owners in the City centre to explore interest in co-funded infrastructure and public domain projects.