AusLeisure

Redevelopment of Auckland's waterfront will generate $4.29 billion in extra jobs and investment by 2040, a new report says.

The PricewaterhouseCoopers report launched by associate Finance Minister Steven Joyce paints the waterfront as vital to Auckland's economic future.

More than 40,000 jobs will be "attributable" to the waterfront within the next 30 years, the report says. Of those, it says 17,000 would not exist without redevelopment work.

Chief Executive of the Auckland Waterfront Development Agency John Dalzell says the economic benefits of a redeveloped waterfront will be felt across Auckland, stating "this is potentially the most important urban redevelopment project New Zealand has seen.

"It will revitalise our tourism and events industry, attract highly skilled workers and new businesses to the waterfront, strengthen our fishing and maritime industries and attract visitors from all over the world."

Dalzell adds that a flourishing and attractive waterfront is needed to attract businesses and skilled workers to Auckland, adding "we are developing a social, cultural, heritage and environment showcase on our waterfront.

"This will not only attract the investment we need, but create a prime destination for people."

More than $1 billion in construction projects are scheduled to be completed on Auckland's waterfront by 2025.

They include a redeveloped Tank Farm area, a cruise ship terminal on Queens Wharf, and an "urban development transformation" of Wynyard Wharf.

About 6,600 people will be involved in construction on the waterfront, generating $390 million in GDP, the report says.

A burgeoning cruise ship industry is also expected to play a key role in the economic benefits of the waterfront.

It will increase in size seven-fold over the next 30 years, provided a cruise ship terminal is in place, the report says. 

23rd July 2010 - NEW ZEALAND VISITOR ARRIVALS HIT 2.5 MILLION

15th June 2010 - NEW WATERFRONT ATTRACTIONS FOR AUCKLAND’S WYNYARD QUARTER

1st March 2010 - TOURISM INDUSTRY BACKS WORLD-CLASS CRUISE FACILITY 

15th December 2009 - WORK COMMENCES ON AUCKLAND THEATRE 

Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.