This article is from the Australian Property Journal archive
The Melton Shire Council has unveiled a $15 billion urban investment program to establish the area as a major growth centre for Victoria.
Yesterday, MP for Melton Don Nardell, and Mike Scrafton, chief executive of the Growth Area Authority said the long-term initiative is a major opportunity for Victoria.
The council has created a $9 billion strategy to develop 32,000 homes for 90,000 people by 2030 and to attract $6 billion of business investment into the area.
The investment will generate 26,000 jobs and transform Melton into one of Victoria’s major growth centres.
Scrafton said Melbourne’s West would be a major element in the future of Melbourne’s development to 2030 and Melton was at the heart of major growth phase.
The expansion of the Urban Growth Boundary has added 2200 hectares of land to the Melton Shire that will be subject to one of Victoria’s biggest ever regional investment programs.
Melton Cr Mayor Chris Papas said the Melton Council and the Melton Smart Growth Committee had devised a vibrant plan to completely reinvent Melton as a city of the future.
“By promoting the potential that the extended urban growth boundary can bring to our municipality, we are putting Melton on the map as a major growth centre for the future of Victoria,” Cr Papas said. “The feedback has been excellent so far and we are looking forward to networking with the business community.”
The first major investment for the area will be a 20-hectare Harness Racing Complex by Harness Racing Victoria.
The $32 million racing and entertainment facility will be located on the edge of the Toolern Business Park on the south side of the Western Highway.
By Kathryn O’Meara
