Client: Dexus Projects
AEC was engaged by DEXUS to prepare and Economic Impact Assessment to consider the need for a planning proposal to amend the planning controls that apply to a site on Frederick Street St Leonards, and thereafter to assess the economic impacts likely to result from proposed planning control amendments and subsequent redevelopment of the Site. In order to assess the economic impacts of the proposal, a base case and proposal case were developed and compared.
Outcomes of the EIA included the identification of the merits of the Proposal from a strategic planning market perspective, as well as the appropriateness of the proposal in assisting to achieve the vision of the St Leonards Health and Education Precinct.
The economic impacts of the proposal were also identified to understand the opportunity cost of the ‘do-nothing’ scenario.