Ongoing uncertainty over the completion date for the Cross River Rail project and the location of venues for the 2032 Olympic and Paralympic Games has delayed urban renewal plans at four Brisbane sites.

Combined, the four sites have approximately 1 million square metres in land space, above and around the new train stations being built at Roma Street, Albert Street, Woolloongabba and Boggo Road.

The state-owned Queensland Investment Corporation secured the development rights in 2021, when it vowed to generate billions of dollars for the government, and stimulate the city’s economy, through the construction of housing, hotel, hospitality outlets, commercial premises and education facilities.

Artists’ impressions of what the redevelopment might look like at Boggo Road, Albert Street, Woolloongabba and Roma Street in Brisbane.Credit: Queensland Investment Corporation

The sites were expected to be highly sought-after for their public transport connections and proximity to the CBD. As community and Games hubs, they would also provide a catalyst for urban renewal on a larger scale.

However, most of QIC’s masterplans, covering the government’s priority development areas (PDAs) that allow key projects to be fast tracked, are still in draft form.

The biggest unknowns are whether the government will keep the planned Brisbane Arena at Roma Street Parkland, anchoring that urban renewal project, and what it........

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