The Property Council has applauded the three levels of government for signing up to a tripartite commitment to shape the future of the SEQ region.With migration on the rise, an Olympics on the horizon, and a positive economic outlook, the SEQ region is set to go from strength to strength over the next decade.
Queensland Executive Director of the Property Council, Jen Williams, said a City Deal is just what is needed for South East Queensland to leverage this positivity and ensure the three levels of government have a plan in place to guide the growth of the region.
"City Deals are designed to take a long-term view on planning for the future of our cities. They have a 20-plus year lifespan, so are intended to transcend political cycles and document a shared vision for the future.
"The SEQ City Deal is a credit to the Federal Government, Queensland Government and Council of Mayors (SEQ). Over several years, political representatives have worked together and with industry to identify game-changing projects, programs and a future pipeline that require a shared commitment.
"As a long-term plan, the City Deal does not seek to allocate funding to all projects on the horizon, rather it aligns the three levels of government on key program areas and how funding decisions will be made.
"Since partnering with the Council of Mayors (SEQ) in 2014 to examine the feasibility of a City Deal for the region, the Property Council has been an active participant in the Deal's development.
"We welcome today's signing of the SEQ City Deal as the first tripartite plan for the region, and a solid platform for the delivery of future agreements, such as what will be needed to address the current housing crisis, and leverage the opportunities presented by the 2032 Olympic and Paralympic Games."
