The Geelong Convention and Exhibition Centre (GCEC) precinct will receive an additional $120 million from the Victorian Government to include a luxury hotel, retail and commercial outlets.
The precinct will include a 200-room luxury hotel and commercial spaces, and a 1000-seat plenary venue which will be developed with 3700 square metres of flexible multipurpose space to allow large and small events to run concurrently.
The GCEC will support 600 jobs during construction and an additional 270 ongoing jobs once complete.
The additional funding builds on the existing $141 million commitment from the Victorian Government, $30 million from the Australian Government and $3 million from the City of Greater Geelong – bringing the total project value to $294 million.
The Victorian Government will soon release an expression of interest for architects, designers and builders, ahead of a stakeholder engagement process.
The project is being funded by all three levels of Government through the Geelong City Deal – now valued at more than $500 million – which is a 10-year plan to revitalise Geelong through the delivery of critical infrastructure.
Multiple projects are set to be delivered under the Geelong City Deal, including tourism infrastructure projects along the Great Ocean Road, Construction of the Geelong Convention and Exhibition Centre and Road upgrades at Deakin University’s Geelong Future Economy Precinct.
The Victorian Government also announced it will invest $400,000 through the $10 million Regional Recovery Fund, to support Tourism Greater Geelong and the Bellarine, and Great Ocean Road Regional Tourism to implement a Business Events Attraction platform.
For more information on the Geelong City Deal, click here.
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