The historic signing of a $200 million Darwin City Deal will help turbocharge tourism in the Territory.
The plan was unveiled today by Prime Minister Scott Morrison who announced the Commonwealth and Territory Governments would invest $200 million jointly into the deal.
Under the Deal, Charles Darwin University will be moved into the CBD, creating a new educational and civic campus in the heart of the capital city.
It’s estimated that the establishment of a new city campus for University could increase economic output in the Darwin region by more than $250 million over the next fifteen years, and sustain an additional 100 jobs in the Darwin economy by 2023.
The new education precinct will also have spin off benefits for the tourism and hospitality industry with an influx of students is in the city centre, boosting demand for cafes, restaurants, bars and retail stores.
The $200 million investment will also support construction of a new Art Gallery in State Square, transformation of public spaces in the CBD to create cooler, greener streetscapes, a new Urban Living Lab led by the CSIRO, potential redevelopment of Defence-owned land at Stokes Hill and additional support for the Larrakia people.
The City Deal is available at https://citydeals.infrastructure.gov.au/darwin