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Former Le Cornu Site 88 O’Connell Street

Community Engagement Sessions

The Lord Mayor of Adelaide, Martin Haese, invites you to attend a Community Engagement Session to contribute to the future of Eighty Eight O’Connell. 

You will have noticed that we have already opened up the site and we are keen to provide opportunities for community activation in the coming months. We also want to ensure timely and appropriate development in the near future, and want to work with the community to understand your priorities for this strategic site.  

Residents and Property Owners: Community Sessions

Monday 21 May, 5:30–7pm
North Adelaide Community Centre, Tynte Street
​RSVP essential

Or

Thursday 24 May, 5:30–7pm
The University of Adelaide, Graduates Clubhouse, MacKinnon Parade
​RSVP essential

Background

The City of Adelaide has purchased the former Le Cornu site at 88 O’Connell Street, North Adelaide, and plans to redevelop it for the benefit of the community. Council considers this one of the most important sites in Adelaide. Its redevelopment will be crucial to revitalising not only O’Connell Street but the wider North Adelaide precinct.

After nearly 30 years, Council has taken ownership and will start activating the site and controlling future development within a reasonable timeframe. This approach will ensure the community has the greatest possible input into the vision for the site.

There will also be much broader economic and social impacts, as the accelerated development of this site is forecast to stimulate new projects, business and future growth, as well as wealth creation across our city.

As Council already owns more than $300 million worth of commercial and retail real estate, property investments such as 88 O'Connell Street and the Central Market Arcade Redevelopment are aligned to Council’s core business and of direct benefit to our community.

Project Information

In the coming months, we plan to take down the fences that surround the site and make some additional improvements to the immediate area. At the same time, Council will begin to engage with the community. Our intention is to develop guiding principles that will govern our vision for the site, ensuring that the community is given every opportunity to provide input.

This process should enable us to develop both a master plan for the site and a realistic time frame for activation and construction.

To receive updates and to have your say, please register on our online community engagement platform, Your Say Adelaide.

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FAQ's

Q: What short-term uses of the site will Council be undertaking? 

A: As much as practicable, we intend to open the site up, take down the fences that surround it and let everyone see into the property.

We have yet to finalise our plans for how we will activate the site in the short-term.

There are no plans to make this site a permanent park in the long-term. We believe it is a strategic location that offers significant retail, commercial and residential opportunities.

Q: What is the total price for this acquisition?

A: Acquisition Price is $34,000,000.

Q: How will Council fund this deal?

A: The cost of the acquisition will primarily be funded through an increase in Council’s borrowings.

These borrowings will be managed within Council’s prudential limits as part of our long-term financial planning, and will be fully disclosed in our annual financial statements.

We are extremely grateful to the State Government for its contribution of $10 million towards the acquisition of the property and the activation of the O’Connell Street precinct.

Q: What happens to the site now?

A: Following settlement, we plan to take down the fence that surrounds the site and make some additional improvements to the immediate area.

At the same time, Council will begin to engage the community.

Our intention is to develop guiding principles that will govern our vision for the site, which will ensure that the community is given every opportunity to provide input into the type and scale of future development on the site.[BF1] 

This process should enable us to develop both a masterplan for the site and a realistic timeframe for construction and activation.

Q: How does Council plan to engage residents?

A: We intend to develop this area in consultation with the local community. This will help us to come up with a plan that provides a return to the community without overdeveloping the site.

We will develop guiding principles in consultation with the community that will govern a shared vision for the site, and the community will be given every opportunity to provide input into the type and scale of the development that ultimately occurs.

The guiding principles will then allow council to formulate detailed development plans.

Q: How can anyone interested in this project stay up to date/send in their feedback?

A: In the coming months, Council intends to provide regular updates about its plans for the site. 

People are also encouraged to register with Council’s community engagement portal by going to yoursay.cityofadelaide.com.au where regular updates will also be provided.

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