Moreton Bay Regional Council have revealed that the former Petrie paper mill site and its surrounds will be transformed into an innovation and knowledge precinct after the Queensland Government today declared it Queensland’s next Priority Development Area (PDA).
Deputy Premier Jackie Trad joined Moreton Bay Regional Council Mayor Allan Sutherland for the announcement of the PDA, declaring a 20 year commitment to transform the land into a vibrant urban community.
Within these two decades the piece of land will include a new Petrie town centre and the new University of the Sunshine Coast (USC) campus at its core.
'The Mill' is set to generate $950 million for the Queensland economy and could support more than 6,000 jobs by 2036 in fields such as education, technology, health and research.
Moreton Bay Regional Council Mayor Allan Sutherland expressed his appreciation for the Queensland Government’s approval of The Mill at Moreton Bay PDA, which now allows the Petrie development to be much more than a platform for their university campus.
“It will unlock the full potential of the university’s surrounding land to create a vibrant community hub where people can live, work and play around education," he said.
“With the Moreton Bay Region’s population expected to grow by 40 per cent over the next 20 years, including more than 67,000 18-24 year olds, it’s imperative that we put plans in place now to create employment and education opportunities for the future."Surrounded by more than 110 hectares of expansive conservation areas with a network of sporting facilities, parklands, and mixed used pathways, The Mill will also encapsulate the natural environment and active lifestyle.
Key features of ‘The Mill at Moreton Bay’ PDA: