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Centre
Background
State Government commitment
The State Government announced its commitment to the
redevelopment of the Adelaide Convention Centre in 2010,
allocating $397 million to the project.
The redevelopment will re-establish Adelaide as one of the
premier conference destinations, ensuring its continued
competitiveness in national and international markets and
contributing significantly to South Australia’s economic and
tourism growth.
The project is also a crucial part of the State Government’s
vision for a revitalised Riverbank Entertainment Precinct,
complementing other substantial infrastructure investment
such as Adelaide Oval, and the new Footbridge over the
River Torrens and as well as the new Royal Adelaide
Hospital.
The Adelaide Convention Centre, built in 1987 and
extended in 2001, was Australia’s first purpose built
convention facility. It was the catalyst for a new industry
nationally that today is worth $17 billion per year for
Australia (per National Business Events Study November
2004), with South Australia’s share $1.7 billion (ACTA
2007).
The Adelaide Convention Centre has been an economic
success story for South Australia.
The Centre is a multi-award winning venue with an
internationally renowned reputation.
It hosts over 28,000 visiting international and national
delegates per annum, equating to more than 100,000
bed nights.
Over the last two decades, the Centre has generated
around $960 million in direct economic benefits to the
State from delegate spend and associated tourism.
It consistently self funds its operations and provides
significant annual return to government.
With the 2001 extension it has also become a major
part of the city’s “postcard image”.
Whilst the Centre has been operating successfully in a
highly competitive global convention and exhibition industry,
this market is changing rapidly, with clients demanding
larger, multi-purpose spaces with the latest in facility quality
and service.
The redevelopment will ensure the continued
competitiveness of the Convention Centre and is estimated
to generate an estimated $4.3 billion in tourism and related
economic activity during the next two decades.