The Canberra Times | 13 September 2013
The University of Canberra (UC) is opening up 40 hectares of its main campus in Belconnen for development in the hope of generating $100 million in capital investment each year for the next decade.
A specially-appointed campus development board chaired by business leader Jim Service has spent two years working on the project.
UC vice-chancellor Stephen Parker said potential development could range from residential ”alumni” villages, to health research and development bodies wanting to be in close proximity to the new UC hospital, government agencies, commercial organisations, technology parks, arts and culture complexes, sporting facilities and business incubators.
UC has a Crown lease, and said it would consider land sales, leases, build-own-operate-transfer schemes such as the ones already in use to provide student accommodation, and joint ventures.
”Ideally we would like a real mix but there needs to be a real sense of partnership with the university,” Parker said.
The financial flow-on effects to the UC would be used to invest in academic performance and research but In line with a commitment to share profits with the university community Parker reaffirmed that future surpluses may be shared among staff.
The prospectus for the scheme states:
Development will take into account aesthetic design, sustainability and construction considerations appropriate to a university which teaches and researches in relevant disciplines, including architecture, landscape architecture, interior design, building and construction management and urban planning,. Development decisions will be consultative, transparent, risk-based and accountable” and collaborative projects would be entered into with partners who were of ”good repute following rigorous due diligence.
Parker said there is an expectation that over the next decade post-secondary education in the ACT could deliver $30 billion to the economy in capital and recurrent expenditure and it was realistic to consider that $1 billion could be unlocked for the UC and ACT economy through the campus redevelopment.