The $1 billion Brisbane Auto Mall project has been cancelled after years in development, Brisbane Airport Corporation and automotive retailer AP Eagers announced this week.
Read: BNE Auto Mall Needs Track and Event Operator
The ambitious project was first announced in 2015, with plans for a massive automotive precinct featuring a 2.4km test track designed by racing legend Mark Skaife.
A conference space, multi-use centres, dining spaces, commercial offices, dealership facilities leased by AP Eagers, and a viewing deck were also part of the plans for the 400-hectare site, located just right next to the airport.
Back in 2021, BAC even sought operators for the Auto Mall, dubbed as the largest non-aviation project of the corporation. They have also released a fly-through video, which is now no longer displayed on the company’s YouTube account.
In a joint statement, the developers cited “a number of factors, including the tricky economics of operating a track” as reasons for pulling the plug on the project. The total amount spent on planning and early construction of the Auto Mall over the past seven years was not disclosed.
“A mutual decision has been made to not proceed with the Auto Mall project at Brisbane Airport,” the statement read.
Whilst the test track portion faced funding issues, Brisbane Airport Corporation said it remains committed to developing the large site near the airport into a multi-purpose commercial and entertainment precinct.
“This site is three times larger than South Bank Parklands, so it is important for us to take the time to plan this area right,” said Martin Ryan, executive general manager of Brisbane Airport Corporation.
Read: Brisbane Airport Unveils Plans for New $1 Billion Terminal
The cancellation marks a major setback for the ambitious Auto Mall project after years of planning and investment, leaving the future of the site unclear. Both Brisbane Airport and AP Eagers say they remain open to re-exploring opportunities for the 400-hectare site.
Published 14-July-2023
