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Enhancing Toowoomba’s reputation as a fast-growing region, the CBD and Railway Parklands Priority Development Area (PDA) have recently attracted over $850 million worth of investment in over 40 projects from both the public and private sectors. This includes a $500 million investment by the Queensland Investment Corporation in Grand Central Shopping Centre.
Our CBD is fast becoming a destination for residents and visitors alike, with a growing café scene and vibrant laneway culture. Within the CBD there is a range of venues and precincts for retail, entertainment and dining. With our support, First Coat Studios has facilitated over 100 large-scale public artworks across the CBD. First Coat's Block Parties will continue the Festival legacy, maintaining our outdoor gallery.
The CBD and PDA are home to a wide range of historic, heritage and character buildings, providing significant opportunities for building repurposing, including for inner-city living and shop-top living conversions.
Our investments add to the enjoyment and walkability of the CBD, with both visitors and residents enjoying connections to parks and walking trails.
The growth in visitor numbers to the CBD is supporting the investment, and growth in short-stay accommodation. These ongoing investments support the retail and night-time economies. A prime example is the July 2020 opening of the new 104-room Oaks Hotel in the heart of the CBD.
The Toowoomba CBD plays a significant role as a regional centre across south-west Queensland and northern New South Wales as a provider of government, business, retail, health, education and related services.
Watch these short investor videos here:
LinkedIn: Invest Toowoomba CBD