Body corporate's $1.5 million loan for Goondoon St revamp
GLADSTONE'S city heart will undergo a $1.5 million facelift with a proposed redevelopment.
A deal between Gladstone Regional Council and Gladstone City Plaza body corporate is hoped to give the boost needed to revitalise the city's central business district.
The council has made a special funding agreement to loan $1.5 million for the city plaza redevelopment, to create a more appealing space for residents.
Some of the ideas floated for the Goondoon St forecourt revamp include a multi-use grassed area that could be used for public entertainment, or for casual sports activities such as frisbee or badminton.
The proposed development would also create more space for alfresco dining outside restaurants.
Gladstone Regional Council chief financial officer Mark Holmes said the company would repay the council over a period of time.
"For us it's about facilitating a project that is part of the Jump Start our City Heart proposals," he said.
"This project is in line with the concepts of getting people to re-engage in the city's centre, it's certainly a positive move."
While there's still no word on when construction will start, Gladstone Chamber of Commerce and Industry member Rick Hansen said the latest deal shows this plan to boost the CBD will go ahead.
Mr Hansen, who is also a councillor, said the revamp was needed.
"It's a lot of money being spent but it's going to really renew that area," he said. "It will give other businesses and residents an incentive to jump on board by facelifting their own shops in the CBD."
Mr Hansen was not involved in the $1.5 million financial deal due to a conflict of interest as the owner of a newsagency on Goondoon St.
Gladstone City Plaza Body Corporate made the formal proposal for the funding from the council in June.
The forecourt is located opposite the council chambers on Goondoon St.