Renewal SA

1398 The Hon. A. PICCOLO (Light) (24 September 2019). Can you describe some of the non-commercial activities which have been financed by the community service obligation payments received by Renewal SA and their benefit to the community?

The Hon. S.K. KNOLL (Schubert—Minister for Transport, Infrastructure and Local Government, Minister for Planning): I have been advised the following by Renewal SA—

Community service obligations (CSO) payments are provided to Renewal SA to fund public benefit initiatives and any non-commercial activities required to be undertaken by Renewal SA. Community service obligations payments have been provided for:

Tonsley – The CSOs fund various infrastructure and civil works associated with the development such as water sensitive urban design initiatives, public realm works, demonstration pods and project administration. The CSO funding for these activities was established by the former government because not all of the costs required to undertake the project can be funded by the resulting sales and property income.

Bowden – CSOs have been provided to fund the various infrastructure, remediation and civil works required to develop the site, parkland upgrades, public realm works and the cost of achieving a sustainable development with a 6 star green star communities rating. The CSO funding for these activities was established by the former government because not all of the costs required to undertake the project can be funded by the resulting sales and property income.

Port Adelaide –CSOs have been provided to fund activities aimed at attracting private sector investment in the Port Adelaide Precinct such as infrastructure and public amenity projects and activation events such as the Wonderwalls street art festival.

Adelaide HUB – CSOs fund grants payable to the Adelaide HUB for the purposes of providing grants to young entrepreneurs to participate in the HUB Spark Entrepreneurship program.

Vibrant City – CSOs provided to fund the undertaking of vibrant city activities to stimulate investment, activity and renewal in the CBD. For example, revitalising and activating disused spaces into unique and attractive places, various community events such as city squares and the Riverbank Promenade, public lighting at Bank Street and Leigh Street and laneway rejuvenation.

Lot Fourteen – CSO's are provided to fund various works on the site such as demolition, remediation, building refurbishments, the establishment of site infrastructure and activation costs. The CSO funding for these activities was established by the former government because not all of the costs required to undertake the project can be funded by the resulting sales and property income.