Legislative Assembly for the ACT: 2015 Week 5 Hansard (7 May) . .
place for people to enjoy is realised. The Campbell 5 development is a great example of the type of investment we are trying to encourage. This parcel of land sold for more than $63 million to a consortium made up of local and new international investors—an investment in our city that will see up to 520 residential apartments, commercial offices, hotels and parkland.
The Parkes 3 development, which is located at the south-east corner of Constitution Avenue and Coranderrk Street, is a key part of the city to the lake project. That development will involve a new stadium on the site, the prospective new convention centre, the Australia forum.
Canberra is evolving. We are moving beyond our established public service foundations and working hard to attract private investment. The Chief Minister has spoken repeatedly on behalf of the government about how our work to diversify the ACT economy has helped Canberra. Without this diversification, without a stronger and more vibrant private sector, the thousands of positions cut by the federal government would have had a far greater impact on our economy and our community.
In the mid-1990s, when the Howard government started slashing jobs in Canberra, in the first year the number of unemployed people jumped by 3,000. The unemployment rate rose 1.7 percentage points, and within a 12-month period total employment dropped by 5,500 positions. But this time around the economy continues to perform well, despite the challenges—a clear indication that our economic development approach is paying dividends.
Canberra would be a very different place right now were it not for the increased economic diversification this government has been driving. Development in our town centres, and Civic in particular, acts as an important stimulus to that investment. The high quality of the revitalised urban environment will attract people and businesses wanting to work and live in such beautiful and functional surrounds.
Constitution Avenue will be easy to move around and connected to the city and to the parliamentary precinct. It will be a wonderful place for us all to work and for Canberrans to enjoy, live and visit.
Question resolved in the affirmative.
Board of Senior Secondary Studies Amendment Bill 2015
Ms Burch, pursuant to notice, presented the bill, its explanatory statement and a Human Rights Act compatibility statement.
Title read by Clerk.
MS BURCH (Brindabella—Minister for Education and Training, Minister for Police and Emergency Services, Minister for Disability, Minister for Racing and Gaming and Minister for the Arts) (10.52): I move:
That this bill be agreed to in principle.
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