Dear X,
Last Thursday,17 March 2022,the Victorian Government’s Planning Minister,Richard Wynne announced the referral of the proposed Preston Market precinct structure plan to a standing advisory committee to assess the merits of the proposed scheme and provide advice back to the Minister.
We are extremely disappointed by this news and the impacts it is likely to have on the market.
Throughout this process we have worked towards an outcome that would provide you with trading certainty and a revitalised market. Today we have released our indicative vision for the Preston Market precinct,which is available on the Preston Market website. Unfortunately,our plans and the Minister’s do not align.
Our aim was to invest more than $800 million into Preston Central,$75 million into a rejuvenated Preston Market and create jobs for close to 6500 workers,homes for 3650 people and assist your businesses through the transition.
What is proposed in the draft plan does not align with our vision and nor will it allow the creation of a better market. We have advocated to develop the market in the first stage,and that would have been possible if the plans presented a development that could support the $75 million investment. The Minister’s plans do not do this.
As it has for the past four years,the market’s future remains uncertain. We are sorry that this is the result and we will continue to advocate for a project that represents your best interest.
We will continue to provide updates as regularly as possible as we work to deliver a satisfactory outcome for all stakeholders. Any further questions,please raise these with the market management.