In December 2023, the City of Port Phillip (CoPP) considered the Victorian Government’s draft funding plan. It sets out how development contributions will be paid by residential and non-residential ratepayers in the Fishermans Bend Urban Renewal Area (FBURA). This area comprises the precincts of Wirraway, Sandridge Montague, Lorimer shown on page 8 of the Framework. Funds raised from this area will be used to fund infrastructure such as open space, community facilities, and roads.
The CoPP has developed a preliminary submission. In their report, CoPP officers have expressed concern that the capital requirements, particularly for local infrastructure, appear to have been underestimated. The CoPP agreed to submit a more detailed submission once details have been clarified with the Victorian Government.
The final, agreed, Development Contribution Plan will influence rates for the rest of the City of Port Phillip for years to come. For this reason, the BCNA considers it to be a very important task. The Mayor, Councillor Cunsolo is encouraging submissions on the draft plan.
A meeting for residents has not been arranged. However, a business and industry briefing has been organised for Tuesday 6th February at the Dusty Fox Café, Woolworths Fishermans Bend, 481 Plummer Street, Port Melbourne from 4.30 to 5.30pm and residents can attend. Registration is necessary (click here to register).
Submissions need to be made by 23 February. The BCNA is reviewing the draft and will consider a submission.