The Federal and South Australian governments and the City of Adelaide have signed a $551 million, 10-year Adelaide City Deal which aims to boost economic growth, support population growth, enliven cultural tourism and build the city's future as a centre of innovation excellence.
The Deal will invest in Lot Fourteen, the former site of the Royal Adelaide Hospital, as a hub for research, innovation, and entrepreneurialism in technology and the arts. Lot Fourteen will host the headquarters of the Australian Space Agency, its mission control facility and the Australian Space Discovery Centre, as well as major cultural attractions, high tech businesses and world-class education facilities.
It will also include an Aboriginal Art and Cultures Gallery and an International Centre for Tourism, Hospitality and Food Studies. The Deal will put in place investment and strategies to connect Lot Fourteen to the rest of the Adelaide city centre and metropolitan Adelaide
Other projects which target tourism include the Heysens Gallery in Hahndorf, the Mitcham Hills and Glenthorne Trails in southern Adelaide, and upgrading Carrick Hill House at Springfield to include a visitor centre.
Key expenditures include:
The South Australian Government will invest $364 million to redevelop, operate and maintain the site, and deliver key infrastructure and services to integrate open spaces, including access to the Adelaide Botanic Garden.
The Australian Government will provide further investment in Lot Fourteen, including $20 million to establish an Innovation Hub enabling joint research between the public sector, business and universities, and the provision of secure environments for government defence and space entities.
The Australian Government has invested $26 million to establish the Australian Space Agency, which will be headquartered at Lot Fourteen.
The Australian Government will invest $6 million to establish a mission control facility and a further $6 million to establish the Australian Space Discovery Centre at Lot Fourteen.
The South Australian Government will fund a $4.2 million Space Innovation Fund and provide $2.2 million to support international engagement, and high quality education programs and scholarships.
The Australian Government will invest $10 million in smart infrastructure that will support innovative technology-based solutions to urban challenges. The City of Adelaide will contribute up to a further $12.6 million to support these Smart Cities initiatives.
The Australian Government will contribute $3 million over three years from the Indigenous Business Sector Strategy to support Indigenous businesses, innovation, incubation and start-ups
The Governments will now work together to prepare an Implementation Plan within the next six months, setting out timeframes and responsibilities for commitments. This will include working with the University of Adelaide, Flinders University, and the University of South Australia as Collaborating Partners in the City Deal. The City Deal partners will engage other local governments to develop and participate in relevant commitments.