Toowoomba Regional Council’s July Ordinary Meeting today (July 19) endorsed the strategy that will guide the future staged sale of its land holding at Central Highfields.
The strategy seeks to create an expanded CBD at Highfields to meet growing population demands, provide local employment and create commercial buildings and spaces for businesses and entrepreneurs.
The strategy of staged development allows Council to manage the process in a timely manner to ensure development takes place, avoids land banking and provides a positive financial return for the community.
Toowoomba Region Mayor and Economic Development Committee chair Cr Paul Antonio said it was expected that development would start on the first stages in the next two years.
He said Council could now advance its strategy to promote and engage with developers, investors and other private sector entities over the first two stages of development to provide retail and health care facilities at the site to the east of O’Brien Road.
“Development of the site will be staged to reflect the Central Highfields Master Plan and the Structure Plan that were adopted following extensive community consultation,” Mayor Antonio said.
