News
More than a dozen shopfronts inside Adelaide’s heritage Regent Arcade stand vacant, with an exodus of traders from the once-bustling destination prompting remaining businesses to call for the overseas owners to do more to attract shoppers and tenants.
Local
The increased number of vacant CBD shopfronts as a result of the COVID-19 downturn on top of an already slowing economy is presenting an opportunity for Renew Adelaide to help more startups into new digs.
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Renew Adelaide delivered $3.90 worth of local wages and business profits for every $1 that taxpayers spent on its operations over 12 months, according to a cost-benefit analysis released today.
Renew Adelaide has secured its first Hutt Street property and is negotiating with property owners throughout the precinct to reduce its high vacancy rate and improve its image.
Sweet stall operator Raw Earth Dessert will open its first shopfront at the end of this month in Port Adelaide, in what will be Renew Adelaide’s final activation in the area.
The State Government’s urban renewal authority says it axed funding for Renew Adelaide’s operations in Port Adelaide because the area is growing so fast that it no longer needs the not-for-profit’s help.
