Published on December 1st, 2016
In August 2016, Adept Economics assisted Toowoomba Regional Council with its successful application for $5 million from the Queensland Government’s Building our Regions fund to support the repair of the historic Railway Goods Shed on the CBD fringe. Adept Economics Principal Gene Tunny prepared a cost-benefit analysis of the project demonstrating the project’s viability. The Department of State Development notes (see Toowoomba Railway Goods Shed Repair):
Repair and refurbishment of the historic Toowoomba Railway Good Shed will create a commercial and cultural focal point for the community—a place for markets, functions and events, and cultural activities such as artists in residence…
…The Toowoomba Railway Goods Shed is almost 120 years old and a link to the city’s historic economic prosperity. Once complete the project will provide a first-class flexible space for a multitude of commercial and community uses that will benefit residents and visitors alike.
The goods shed refurbishment is part of a broader $50 million Railway Parkland project, and will catalyse development in the area by supporting small businesses, direct and indirect jobs, and private investment.
For further information, please contact Gene on +61 (0)409727635.
View of the historic Railway Goods Shed from Toowoomba Railway Station