Extending the Riverbank and moving railtracks underground
Posted: Mon May 11, 2020 2:04 pm
Hi all,
New to the forum but old time passionate about Adelaide and development.
I think there is great potential to use a prime space that right now is occupied by train tracks. If you look at the image below, the area painted in red is the area that could be developed, including a whole new waterfront area that could attract a lot of business, tourism and investment.
It wouldn't be cheap initially because moving all those rail tracks underground would cost in the order of billions, but if you think about all the taxes that would be collected from all the businesses, commercial buildings and apartments that would be developed on top, recovering the investment, and making huge profits, wouldn't be hard and wouldn't take too long.
At the same time Adelaide would extend one of it's most precious spaces, the Riverbank. Opportunities are huge if the right investment and ideas align.
Cheers!
New to the forum but old time passionate about Adelaide and development.
I think there is great potential to use a prime space that right now is occupied by train tracks. If you look at the image below, the area painted in red is the area that could be developed, including a whole new waterfront area that could attract a lot of business, tourism and investment.
It wouldn't be cheap initially because moving all those rail tracks underground would cost in the order of billions, but if you think about all the taxes that would be collected from all the businesses, commercial buildings and apartments that would be developed on top, recovering the investment, and making huge profits, wouldn't be hard and wouldn't take too long.
At the same time Adelaide would extend one of it's most precious spaces, the Riverbank. Opportunities are huge if the right investment and ideas align.
Cheers!