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The AFR is reporting that:
Melbourne’s city hall is taking steps to unleash as much as $500 million worth of development on real estate it now controls around the city’s fresh food market.
The property play will help drive a $250 million overhaul of the Queen Victoria Market, a popular destination for both locals and tourists which has become a little jaded in recent years.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.