Re-development to benefit business
BUSINESSES all across the region will benefit from the upcoming redevelopment of the city centre, according to Ipswich Chamber of Commerce president Michael Munt.
Mr Munt said retail dollars were leaving Ipswich to large-scale shopping centres – “shopping destinations” – like Indooroopilly in Brisbane.
He said if the right balance is found, the redeveloped Ipswich CBD could become a shopping destination for the region.
Should this occur, he predicts a massive spin-off for businesses around Ipswich.
“I think it's a fantastic initiative. The mall and the Ipswich CBD have been in a state of status quo for quite a while,” Mr Munt said.
“If it's handled correctly, given the development of Ripley and factors like that, I think it will become a destination shop.
“While the businesses that come in may or may not appeal to a particular section of the market, there is all the other businesses that provide services to those businesses ... the flow-on effects are magnificent.
“Just say for instance we get 100 new businesses, the impact of that will be across thousands of businesses, down to mum and dad businesses, so it's going to be better for everybody.”
The redevelopment is expected to start in the second half of next year.