The City of Bunbury has entered into a Land Investigation and Development Agreement with LandCorp to explore possible ways forward for the development of under-utilised prime City or State-owned land.
Mayor Gary Brennan said a Memorandum of Understanding (MOU) between the City of Bunbury and LandCorp was now in place, enabling the two parties to work together to find solutions to constraints that have hindered development of the vacant sites.
“There are parcels of State or City-owned land located in prime positions in and around the CBD that could offer potential for city-building initiatives that would contribute to the City’s vision for Bunbury as WA’s second city,” Mr Brennan said.
Some of sites have been on the market for several years, but it is understood the development challenges they present make them unviable for private developers to take on in the current economic climate.
While the partnership with LandCorp is just one of a raft of measures being progressed by the City, the South West Development Commission, and the WA Government to underpin Bunbury’s economic future, the City’s commitment to infill remains a key priority.