A refined master plan for one of Adelaide's newest suburbs in the south
A grand plan is underway to build more homes in the seaside south of Adelaide suburb Port Stanvac.
The site of the former oil refinery is set to undergo drastic changes that is expected to create another beachside suburb in Adelaide's sprawling south.
About 8000 people are expected to live in the new-look area and the local economy is expected to get a $508 million boost.
Know the news with the 7NEWS app: Download today
The release of the Master Plan and the new code amendment means planning for the development site can proceed.
The new code amendment seeks to unlock the 230-hectare area, allowing for up to 3600 new dwellings that will include apartments, town houses, aged care and serviced accommodation.
The Malinauskas-led government, developer MAB and site owner Exxon Mobil, last year announced plans to unlock the site for homes, open space, employment, community facilities, and beach access to what is a currently inaccessible stretch of Adelaide's coast.
Minister for Housing and Urban Development, Nick Champion, said, 'The transformation of Port Stanvac will set a new benchmark for how we can repurpose underutilized land.'
'We are committed to ensuring that this development not only delivers homes and jobs, but also returns a beautiful stretch of our coastline to the community for everyone to enjoy.
'With the initiation of this code amendment, the new Port Stanvac goes from being a concept to a work in progress.'
About 64 hectares of the area will be dedicated to areas for retail and commercial activity, creating 1700 new jobs.
The development will also unlock 40 hectares of coastline, while more than 30 per cent of the site will be an open space.
City of Onkaparinga mayor Moira Were described the development of Port Stanvac as a 'unique, one-off opportunity to drive new economic, social and environmental benefits to Onkaparinga and the state'.
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The federal government is "open-minded" to an equity stake and the state government will work in conjunction with them, Mr Malinauskas said. Supporting the administration of the Whyalla steelworks has taken a big hit on the state budget handed down on Thursday, with next year's surplus revised down from $449 million to $179 million. Mr Malinauskas said that it is partly the result of the state having to fund the administration 50-50 with the federal government until a buyer is found. "We're committed to sovereign steelmaking in this country and willing to bear the brunt of that hit," he said. The budget allocated $650 million towards the $2.4 billion Whyalla "sovereign steel" package announced jointly with the federal government in February. Treasurer Stephen Mullighan's state budget offered few sweeteners to residents, instead headlining with a $395 million "law and order" package to fund hundreds of extra police officers. The law and order package includes $172 million across six years to recruit 326 officers, lifting numbers to 5000 by 2030/31. More police security officers, civilianisation of administrative roles, and recruiting will deliver 630 extra police officers in frontline roles by 2031. The centrepiece was not welcomed by the opposition who said the government, which is facing an election in March, is "out of money and out of ideas". The budget also featured $73 million in already announced drought relief to relieve the escalating impact of near-record low rainfall across most of SA's farming regions in recent years. Mr Malinauskas has not ruled out further drought assistance if the conditions continue despite the pressure on the budget. "We're going to wait and see how the conditions unfold," he said. "There's a bit of (rain) forecast this weekend, we hope it buckets down, but if it doesn't, the government will continue to engage with our farming community."
