Adelaide Casino Redevelopment Approved
The redevelopment of Adelaide’s casino is set to go ahead now that the Development Assessment Commission has approved the plans. SkyCity Adelaide is planning a $300 million redevelopment for the Riverbank precinct which it now plans to begin mid-year.
According to the commission, the proposal for the redevelopment, which will feature an 11-storey building with new restaurants, cafes, luxury accommodation and a gaming area, met the commission’s key objectives of the Riverbank Zone and Entertainment policy.
“SkyCity is committed to developing a world-class, integrated entertainment destination in Adelaide, attracting both international and domestic visitors,” commented Nigel Morrison, chief executive of SkyCity. “This offering will help South Australia attract a bigger share of high value international visitors.”
“The SkyCity Adelaide expansion will be a positive addition to the Festival Plaza redevelopment project that will bring both short-term and long-term employment to many South Australians across several industries.”
The construction of the project is expected to create 500 jobs while another 1,000 long-term operational positions are expected to be made available once the site is operational.
The commission has stipulated a number of conditions with their approval, specifically an improved design so that the building will not limit views of the heritage-listed railway station.
While the redevelopment has many supporters, there are also opponents. Senator Nick Xenophon believes that this development will encourage gambling addiction.
“The harsh reality is that SkyCity is spending this massive amount of money on the basis it gets it back from its core activity – gambling,” stated Xenophon. “That will inevitably mean increased gambling and the bigger the gambling losses, the greater the chance of more people falling by the wayside and becoming hooked.”
Building will begin mid-2016 subject to finalising site leases with the South Australian government and coordination with other developments in the Riverbank precinct.
April 16, 2017