Tano, this has been in and out of the news since mid 2012. I was hoping that surely they couldn't stuff up Scarborough again, it has been a eyesore for the last 20 years. I have been seriously impressed with the MRA over the last couple of years with other projects and as soon as I heard they were taking over the redevelopment of Scarborough in conjunction with the Stirling council I punched the air.
$57 million for the redevelopment ($30 mill state+$27mill council), an extra $26 million state government has given City of Stirling that COS have allocated for a new pool and a private business $50 million Observation City upgrade that is nearing completion. The MRA is also relying on further private investment to complement their vision by releasing these plans.
After waiting for their community consultation and now the released draft plans I believe they have got it right, can't wait for work to start mid year. Mr Day mentioning provisions for light rail (ok it might be 2050 before it happens but at least they are talking about it) only adds to the vision. If only half of what is mentioned happens I'll be stoked.
After years and years of inner city suburb transformation in areas like Leederville, Maylands, Mount Lawley, Northbridge and North Perth I believe that more of us maybe heading to the coast again. Redevelopment occurring at City Beach, Scarborough, Trigg Island and Marmion research centre. What was old and un-fashionable is now the new thing. Everything works in cycles as we all know.
As Sanj said the transformation of the Perth cultural centre and the whole of Northbridge really is amazing. Family movie nights on the outside cinema, winter wonderland, upcoming fringe festival to name only a couple of initiatives has all led to a great place to hang up and meet with friends. Northbridge used to be in the news every weekend for all the wrong reasons now it is only every month or two something negative comes out. With the Perth City Link (WOW!!!!) and China town upgrades I believe it will only make this area a better place to visit and socialise.
MRA also doing the Subi (it needs it badly) and Midland revitalisation projects, Riverside and Claise Brook Village along with East Perth power station.
If the MRA announce a new area to target and you have investments in that area then start reading and doing some DD as I believe they will value add to your purchases.
See you down the beach, with your shark shields of course