The Queensland government has approved the demolition of a block of inner city apartments so that a historic music venue can be built.
Critics of the decision say the loss of the 26-storey tower block will be a sad day for Brisbane.
“Apartment construction has been the key factor in Brisbane’s inner city renewal,” says architectural protectionist Susan Rendelsham.
“The apartments now on death row have graced the Brisbane skyline for nearly ten years.”
“That’s a decade of Brisbane’s history that’s going to be lost forever.”
Festival Hall to live again
But real estate expert, Cynthia Shazam, says the owners’ decision to rebuild iconic Brisbane music venue Festival Hall on the site of the apartments is a canny one.
“There’s a glut of apartments in Brisbane at the moment.”
“But a shortage of historic music venues.”
Ms Shazam says the resale value for historic music venues is particularly high.
“Developers are willing to pay top dollar for historic music venues like Festival Hall so they can demolish them, or accidentally burn them to the ground, and build more apartments further down the track.”
“It might seem sad to people outside the property industry but it’s the circle of life.”
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