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Five new precincts being built as part of the $5.4 billion Cross River Rail project will be a catalyst for up to $20 billion of economic development over 10 to 15 years and the jobs that come with it.
The areas around five of the stations – Roma Street, Albert Street, Boggo Road, Woolloongabba and the Exhibition cover a total of 22 hectares inside the inner-city.
The Cross River Rail Delivery Authority (CRRDA) has started on plans to transform what is described as under-utilised parts of inner-city Brisbane, talking to industry about what can be done to take advantage of the new mass transit links.
Among the highest-profile work is at Woolloongabba, where plans could include a new concourse to the popular Gabba sports ground, while at Roma Street, Brisbane Live could transform the area.
Brisbane Live, the CRRDA says, has the potential to deliver 450 jobs per year during construction, with 1000 jobs in the peak year and 600 ongoing jobs once operational.
The 6.5ha Woolloongabba site also has scope for new open spaces, residential housing, commercial offices and retail that will give the Gabba precinct a new town centre.