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Adelaide City Council has slashed its Central Market Arcade project budget by nearly a quarter, but won’t say why as it’s “commercial-in-confidence”.
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News
Construction on the $400 million Central Market Arcade redevelopment is set to begin in June next year – nine months after the original September start date – but the developer in charge says the project is still on track.
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EXCLUSIVE: Construction on the Central Market Arcade redevelopment has been pushed back until next year, as management continues talks to lure high-profile retailers and restaurants to a new food precinct which could operate 24/7.
The SA Housing Authority says the proposed $400 million redevelopment of the Central Market Arcade has not met government rules for affordable housing, with the project set to go before the state’s peak planning body this week.
Prominent developer and newly-appointed Central Market Authority chair Theo Maras has promised traders and customers that he will do “everything that’s humanly possible” to ensure the market continues to prosper while major construction occurs at a neighbouring arcade – despite warnings from his predecessor.
Central Market traders are bracing for years of disruption once work begins on a $400 million overhaul of a neighbouring arcade, the outgoing market chair has warned, despite the Adelaide City Council describing the construction impacts as “short-term”.
