Tech giants could move into the Moreton Bay region for a slice of southeast Queensland’s answer to Silicon Valley.
Moreton Bay Regional Council launched its Regional Economic Development Strategy this afternoon with the 460ha site at The Mill, a key piece of greenfield development, earmarked for an innovation and tech precinct.
Moreton Bay Mayor Peter Flannery said the area was a “sleeping giant about to awaken”.
“This 460ha site holds untold potential as the largest greenfield innovation precinct in Australia,” Flannery said.
“The site includes the Petrie Town Centre, Petrie Rail Station and the former Amcor Petrie Paper Mill Site, and from a council perspective, an area totalling 65ha of greenfield development potential.
“That’s a developable space twice the size of the Brisbane CBD … we are going to build a tech and innovation hub twice the size of Brisbane’s CBD.”
The mayor said The Mill was expected to deliver 8600 ongoing jobs and add $813 million into the regional economy per year on average, once fully developed.
The council’s “Bigger, Bolder, Brighter” vision for the region also acknowledged the huge impact the construction industry had on the local economy, and signalled further residential, commercial and industrial development into the future.
The construction industry is the largest contributor to the region’s gross regional product and the third largest employment sector.
“From future residential land to industrial land as well as areas for commercial and retail development, the region can accommodate just about any business.
“Our access to markets is enviable with easy road and rail access to the Brisbane CBD.”
The report also highlighted five “region-building projects” that would put Moreton Bay on the map for innovation, freight, and the marine industry.
The projects included The Mill, a Southeast Queensland Northern Freight Terminal, Wamuran Irrigation Scheme, North Harbour PDA and Scarborough Harbour Masterplan.
The council will review all council-held land and identify surplus sites for investment with a target of three new expression of interests released.