A new lagoon and upgraded public space are central requirements of a South Bank renewal process launched by the Queensland Government on Friday (23 October). The government and South Bank Corporation are seeking private-sector ideas through an invitation for prequalification, an exploratory stage ahead of consultation and the planning, governance and statutory approvals required for future proposals.
The government's announcement identifies a new lagoon and enhanced open public space as non-negotiables. It says the existing lagoon continues to leak and needs regular maintenance, including lengthy closures multiple times a year, making renewal of the water facilities a priority.
A 4.8-hectare opportunity area has been identified for the market process. Alongside water features, the invitation seeks ideas to improve connections through the precinct and integrate commercial development with public spaces, with private investment and expertise potentially contributing to its long-term renewal.
The invitation prospectus sets out objectives spanning the public realm, water features, community connections and commercial development. It calls for a modern lagoon-style facility and welcoming spaces accessible to people of different ages and abilities, alongside commercial uses that improve the visitor experience.
Protecting public space
South Bank Corporation says the precinct will remain public. Its project information and frequently asked questions describe the existing mix of public spaces with dining, culture, housing, education, commercial activity and recreation, and say future opportunities must deliver community benefit while retaining South Bank's character.
The prospectus records more than 16.6 million visits annually. The government says the renewal process will consider how the precinct can continue supporting tourism, jobs, small businesses and cultural activity, while preserving the parkland and community spaces that form part of its appeal.
South Bank Corporation Chair Karen Howard said the process was about protecting what people value while planning responsibly for the precinct's future. She said the invitation would seek innovative industry ideas to enhance South Bank and strengthen its long-term sustainability.
Business South Bank CEO Janine Watson welcomed the announcement, saying the parklands were ready for renewed attention. The business organisation offered its members' insights for consultation and said it wanted to work constructively with government and the private sector as plans progressed.
The market process
The corporation says the prequalification process will run over the coming months, with subsequent stages subject to government and corporation consideration in early to mid 2027. Responses will be assessed for market interest, capability and potential opportunities, building on the Future South Bank Master Plan released in May 2024.
Deputy Premier Jarrod Bleijie said all work would be completed in time for the Brisbane 2032 Olympic and Paralympic Games, Brisbane Times reported. The corporation's stated next step is to assess what the market could bring to the precinct before deciding which opportunities to pursue.