South Bank 2 will cost Queenslanders: LNP

Queenslanders should not believe Labor’s plan to extend public space on Brisbane River will be cost-neutral, the opposition says.

Queensland Premier Anna Bligh on Sunday announced South Bank 2 – a plan to eventually extend the popular parkland beyond the Gallery of Modern Art (GoMA).

The new space would possibly feature a major new cultural institution such as a national indigenous museum, an Olympic swimming pool, more parklands, shops and restaurants.

It would be made possible by a land swap deal or phased buy-back with the major landowner, milk company Parmalat.

Ms Bligh said the company’s five year plan was to move to a site with better freight routes, and the parties were already in talks.

“This can all be done on a cost-neutral basis,” she told reporters in Brisbane on Sunday.

“Developing some parts of the site as commercial and residential buildings, using the profits from that to plough into green space, people space.

“This is a very exciting idea.”

But Liberal National Party deputy leader Tim Nicholls said taxpayers should not believe the plan will be cost-neutral.

He said it wasn’t the first time plans to develop the space had been announced, and voters should be wary of an unfunded plan.

“The Parmalat site is rumoured to be worth up to $100 million, and that will have to be found in a budget that already has a dodgy surplus,” Mr Nicholls said.

He says the plan was also aimed at shoring up votes in the premier’s electorate, and beautifying an area where she owns investment properties, and the ALP also owns land.

“Is this (plan) being dusted off to improve values for Labor and its mates?” Mr Nicholls said.

Ms Bligh admitted she’d long wanted to expand South Bank.

In contrast, she claimed the LNP would abolish the South Bank Corporation, losing its expertise at master planning big public spaces.

South Bank is best known for hosting Expo 88.

South Bank 2 would evolve over 15 years and extend the space to a 5km stretch.

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