Latest news with #LiveArena
The Star
14-05-2025
- Business
- The Star
New event space sets stage for creative success
PETALING JAYA: Malaysia's creative industry received a fresh boost with the launch of Idea Live Arena, which is expected to serve as a catalyst for regional entertainment, said National Film Development Corporation Malaysia (Finas) chief executive officer Datuk Azmir Saifuddin Mutalib ( pic ). He said the Idea Live Arena, located at the 3 Damansara shopping mall here and with a capacity to accommodate up to 7,000 guests, would not only enhance Malaysia's ability to host large-scale events but also align with the nation's aspirations to position itself as a regional hub for the entertainment and creative industries. 'This venue is fully equipped with the latest facilities and has the potential to become a stage for international-scale concerts and exhibitions,' he said, reported Bernama. The venue was developed by Superstar Arena Holdings Sdn Bhd with an investment of RM40mil, involving structural upgrades, renovations, and the installation of world-class audio, lighting, and visual systems. Azmir said the launch of the venue coincides with the implementation of the new Concert and Event in Malaysia Incentives (CEMI) programme by the Communications Ministry, aimed at attracting more international events to Malaysia while supporting the organisation of local events. 'With the CEMI incentive, we hope that more organisers will bring international concerts and entertainment events to Malaysia, thereby boosting the economy through the tourism, hospitality, and entertainment sectors,' he said. Azmir added that the Idea Live Arena is already almost fully booked until the end of this year, reflecting strong demand for physical concerts and live events.
The Advertiser
12-05-2025
- Business
- The Advertiser
Brisbane's Olympic transport costs fuel funding request
Transport infrastructure costs climbing into the "billions" have been forecast for the 2032 Brisbane Olympics, prompting a request for more federal funding. The Queensland government is hopeful of brokering another funding deal with the commonwealth, with Premier David Crisafulli warning transport costs may set back budgets. The race to the 2032 Games is finally under way after a few false starts, with the long-awaited Olympic venue plan unveiled in March - almost four years after Brisbane was named host city. The federal government has repeatedly insisted its contribution to the $7.1 billion venue budget is capped, with the commonwealth set to pay about half. However, the Queensland government said transport was separate and would soon start lobbying the commonwealth for more funds. "We are going to have to spend billions of dollars on transport infrastructure, and that's not just for the Games," Mr Crisafulli told reporters in Bundaberg on Monday. "That's for a growing region, and that does involve partnerships with Canberra." After a 100-day review, the Queensland government finalised its infrastructure plan headlined by a 63,000-seat main stadium in Brisbane's Victoria Park. The blueprint also featured an improved transport network including "The Wave", a direct rail line running from Beerwah to Birtinya that will link with Sunshine Coast airport through to Maroochydore. Other transport infrastructure proposed for 2032 included new rail lines and stations in Brisbane and the Coomera connector, an alternate road connection between Brisbane and the Gold Coast. Mr Crisafulli vowed to negotiate "firmly, but fairly" for the funds to build the necessary transport. He cited the recent $9 billion agreement for upgrading the state's main arterial road, the Bruce Highway, with the federal government set to contribute the bulk of the funding. "(The federal government) are working with us now to deliver the upgrades that the Bruce Highway haven't had for a generation, and they're paying 80 per cent of it," Mr Crisafulli said. "So they should. It's a federal road, but we negotiated in good faith. "I see 2032 as being a deadline that we can work to, but I'm very confident that people will see good partnerships between us and the federal government's support." Queensland has also requested $2.5 billion the federal government set aside for a now-scrapped 2032 project, Brisbane Arena, be reallocated to fund other Olympic venues. The private sector is instead expected to help foot the bill for the indoor stadium project now called Brisbane Live Arena, set to host Olympic swimming. Transport infrastructure costs climbing into the "billions" have been forecast for the 2032 Brisbane Olympics, prompting a request for more federal funding. The Queensland government is hopeful of brokering another funding deal with the commonwealth, with Premier David Crisafulli warning transport costs may set back budgets. The race to the 2032 Games is finally under way after a few false starts, with the long-awaited Olympic venue plan unveiled in March - almost four years after Brisbane was named host city. The federal government has repeatedly insisted its contribution to the $7.1 billion venue budget is capped, with the commonwealth set to pay about half. However, the Queensland government said transport was separate and would soon start lobbying the commonwealth for more funds. "We are going to have to spend billions of dollars on transport infrastructure, and that's not just for the Games," Mr Crisafulli told reporters in Bundaberg on Monday. "That's for a growing region, and that does involve partnerships with Canberra." After a 100-day review, the Queensland government finalised its infrastructure plan headlined by a 63,000-seat main stadium in Brisbane's Victoria Park. The blueprint also featured an improved transport network including "The Wave", a direct rail line running from Beerwah to Birtinya that will link with Sunshine Coast airport through to Maroochydore. Other transport infrastructure proposed for 2032 included new rail lines and stations in Brisbane and the Coomera connector, an alternate road connection between Brisbane and the Gold Coast. Mr Crisafulli vowed to negotiate "firmly, but fairly" for the funds to build the necessary transport. He cited the recent $9 billion agreement for upgrading the state's main arterial road, the Bruce Highway, with the federal government set to contribute the bulk of the funding. "(The federal government) are working with us now to deliver the upgrades that the Bruce Highway haven't had for a generation, and they're paying 80 per cent of it," Mr Crisafulli said. "So they should. It's a federal road, but we negotiated in good faith. "I see 2032 as being a deadline that we can work to, but I'm very confident that people will see good partnerships between us and the federal government's support." Queensland has also requested $2.5 billion the federal government set aside for a now-scrapped 2032 project, Brisbane Arena, be reallocated to fund other Olympic venues. The private sector is instead expected to help foot the bill for the indoor stadium project now called Brisbane Live Arena, set to host Olympic swimming. Transport infrastructure costs climbing into the "billions" have been forecast for the 2032 Brisbane Olympics, prompting a request for more federal funding. The Queensland government is hopeful of brokering another funding deal with the commonwealth, with Premier David Crisafulli warning transport costs may set back budgets. The race to the 2032 Games is finally under way after a few false starts, with the long-awaited Olympic venue plan unveiled in March - almost four years after Brisbane was named host city. The federal government has repeatedly insisted its contribution to the $7.1 billion venue budget is capped, with the commonwealth set to pay about half. However, the Queensland government said transport was separate and would soon start lobbying the commonwealth for more funds. "We are going to have to spend billions of dollars on transport infrastructure, and that's not just for the Games," Mr Crisafulli told reporters in Bundaberg on Monday. "That's for a growing region, and that does involve partnerships with Canberra." After a 100-day review, the Queensland government finalised its infrastructure plan headlined by a 63,000-seat main stadium in Brisbane's Victoria Park. The blueprint also featured an improved transport network including "The Wave", a direct rail line running from Beerwah to Birtinya that will link with Sunshine Coast airport through to Maroochydore. Other transport infrastructure proposed for 2032 included new rail lines and stations in Brisbane and the Coomera connector, an alternate road connection between Brisbane and the Gold Coast. Mr Crisafulli vowed to negotiate "firmly, but fairly" for the funds to build the necessary transport. He cited the recent $9 billion agreement for upgrading the state's main arterial road, the Bruce Highway, with the federal government set to contribute the bulk of the funding. "(The federal government) are working with us now to deliver the upgrades that the Bruce Highway haven't had for a generation, and they're paying 80 per cent of it," Mr Crisafulli said. "So they should. It's a federal road, but we negotiated in good faith. "I see 2032 as being a deadline that we can work to, but I'm very confident that people will see good partnerships between us and the federal government's support." Queensland has also requested $2.5 billion the federal government set aside for a now-scrapped 2032 project, Brisbane Arena, be reallocated to fund other Olympic venues. The private sector is instead expected to help foot the bill for the indoor stadium project now called Brisbane Live Arena, set to host Olympic swimming. Transport infrastructure costs climbing into the "billions" have been forecast for the 2032 Brisbane Olympics, prompting a request for more federal funding. The Queensland government is hopeful of brokering another funding deal with the commonwealth, with Premier David Crisafulli warning transport costs may set back budgets. The race to the 2032 Games is finally under way after a few false starts, with the long-awaited Olympic venue plan unveiled in March - almost four years after Brisbane was named host city. The federal government has repeatedly insisted its contribution to the $7.1 billion venue budget is capped, with the commonwealth set to pay about half. However, the Queensland government said transport was separate and would soon start lobbying the commonwealth for more funds. "We are going to have to spend billions of dollars on transport infrastructure, and that's not just for the Games," Mr Crisafulli told reporters in Bundaberg on Monday. "That's for a growing region, and that does involve partnerships with Canberra." After a 100-day review, the Queensland government finalised its infrastructure plan headlined by a 63,000-seat main stadium in Brisbane's Victoria Park. The blueprint also featured an improved transport network including "The Wave", a direct rail line running from Beerwah to Birtinya that will link with Sunshine Coast airport through to Maroochydore. Other transport infrastructure proposed for 2032 included new rail lines and stations in Brisbane and the Coomera connector, an alternate road connection between Brisbane and the Gold Coast. Mr Crisafulli vowed to negotiate "firmly, but fairly" for the funds to build the necessary transport. He cited the recent $9 billion agreement for upgrading the state's main arterial road, the Bruce Highway, with the federal government set to contribute the bulk of the funding. "(The federal government) are working with us now to deliver the upgrades that the Bruce Highway haven't had for a generation, and they're paying 80 per cent of it," Mr Crisafulli said. "So they should. It's a federal road, but we negotiated in good faith. "I see 2032 as being a deadline that we can work to, but I'm very confident that people will see good partnerships between us and the federal government's support." Queensland has also requested $2.5 billion the federal government set aside for a now-scrapped 2032 project, Brisbane Arena, be reallocated to fund other Olympic venues. The private sector is instead expected to help foot the bill for the indoor stadium project now called Brisbane Live Arena, set to host Olympic swimming.
Perth Now
12-05-2025
- Business
- Perth Now
Brisbane's Olympic transport costs fuel funding request
Transport infrastructure costs climbing into the "billions" have been forecast for the 2032 Brisbane Olympics, prompting a request for more federal funding. The Queensland government is hopeful of brokering another funding deal with the commonwealth, with Premier David Crisafulli warning transport costs may set back budgets. The race to the 2032 Games is finally under way after a few false starts, with the long-awaited Olympic venue plan unveiled in March - almost four years after Brisbane was named host city. The federal government has repeatedly insisted its contribution to the $7.1 billion venue budget is capped, with the commonwealth set to pay about half. However, the Queensland government said transport was separate and would soon start lobbying the commonwealth for more funds. "We are going to have to spend billions of dollars on transport infrastructure, and that's not just for the Games," Mr Crisafulli told reporters in Bundaberg on Monday. "That's for a growing region, and that does involve partnerships with Canberra." After a 100-day review, the Queensland government finalised its infrastructure plan headlined by a 63,000-seat main stadium in Brisbane's Victoria Park. The blueprint also featured an improved transport network including "The Wave", a direct rail line running from Beerwah to Birtinya that will link with Sunshine Coast airport through to Maroochydore. Other transport infrastructure proposed for 2032 included new rail lines and stations in Brisbane and the Coomera connector, an alternate road connection between Brisbane and the Gold Coast. Mr Crisafulli vowed to negotiate "firmly, but fairly" for the funds to build the necessary transport. He cited the recent $9 billion agreement for upgrading the state's main arterial road, the Bruce Highway, with the federal government set to contribute the bulk of the funding. "(The federal government) are working with us now to deliver the upgrades that the Bruce Highway haven't had for a generation, and they're paying 80 per cent of it," Mr Crisafulli said. "So they should. It's a federal road, but we negotiated in good faith. "I see 2032 as being a deadline that we can work to, but I'm very confident that people will see good partnerships between us and the federal government's support." Queensland has also requested $2.5 billion the federal government set aside for a now-scrapped 2032 project, Brisbane Arena, be reallocated to fund other Olympic venues. The private sector is instead expected to help foot the bill for the indoor stadium project now called Brisbane Live Arena, set to host Olympic swimming.
News.com.au
01-05-2025
- Business
- News.com.au
‘Unrivalled': Massive inner-city mixed-use site comes up for sale
One of the largest inner-city sites to hit the market this year could redefine an entire suburb with hundreds of new restaurants, homes and businesses – and a development fast-track in place. The 9,032sq m property just 2km from the Brisbane CBD, is in the Woolloongabba Priority Development Area where applications are fast-tracked to boost urban regeneration and take advantage of billions of dollars worth of new infrastructure going into the future Olympic host city. $101,000 higher: records tumble as Brisbane, Qld, home prices rise Called Station Square, the massive site is made up of 18 lots, fronting some of Woolloongabba's most well-known streets including Stanley, Reid and Hubert – with a variety of options for the next owner including multi-unit dwellings (build to sell or build to rent), purpose-built student accommodation, hotel or serviced apartments, commercial office space and retail offerings, according to agents Colliers who are handling the sale. Colliers managing director of capital markets and investment services Matthew Meynell said 'this is a once-in-a-generation opportunity to secure a substantial landholding in one of Brisbane's most dynamic precincts'. 'With unrivalled connectivity to the Brisbane CBD and flexible development potential, 'Station Square' is set to be a landmark project.' 'Gone straight away': all cashed up and nowhere to buy The site has been put up for sale via an international expressions of interest campaign closing 3pm (AEST) Wednesday June 4 2025, and comes as demand across Brisbane continues to surge, with overall dwelling prices hitting a record $882,000 this week. Colliers director residential development sites, Troy Linnane said 'given the ongoing transformation of Woolloongabba due to significant transport infrastructure investment and Brisbane Live Arena, the demand for residential, commercial and hospitality offerings in this precinct is set to skyrocket, positioning this site as a prime investment'. Colliers head of hotels Karen Wales agrees the site will generate strong interest given the situation on the ground: 'with Brisbane's record-low vacancy rates and sustained demand for residential and hotel accommodation, this opportunity is expected to attract significant local and international interest'. The area is set to benefit from major infrastructure projects like Cross River Rail, Brisbane Metro, and the privately funded Brisbane Live Arena ahead of the 2032 Olympic and Paralympic Games. 'All these transformative developments are positioned directly opposite the property,' according to Colliers, giving it unmatched connectivity to Brisbane CBD – a direct three minute journey.
