An expressions of interest (EoI) process will be pursued
for the redevelopment of Osborne House and Stables.
last night resolved to seek the interest of potential partners in pursuing a
sustainable development of the historic Osborne House and Stables in North
decision follows an assessment of potential future options for the site that
were deemed likely to attract various levels of government and private
further report on how to proceed with an EoI will be presented to Council by the
end of the year, before going out to the market in early 2021.
investors will be asked to respond to a range of principles aimed at creating
an enduring, creative, productive and protected heritage and community asset.
Osborne House in public ownership;
areas for the sole use of community groups remaining under the direct control
of the City;
the total restoration of the significant heritage buildings of Osborne House;
a mix of community, public and commercial uses, while also providing for public
access and community use; and
protecting and celebrating the First Nations’ heritage, along with the
significant post-settlement heritage buildings and landscape.
Council has committed to contributing up to $10 million
over four years towards the significant restoration project.
This includes $2 million that has been allocated for
restoration and maintenance works that are underway on the site.
Funds from the lease agreement on the former Russell Polo Field will also be directed to Osborne House.
The Council will also seek to confirm that the Victorian Government will transfer a $1.03 million heritage loan repayment to the
Consultation has occurred with the Osborne Park
Association, Wadawarrung Traditional Owners, National Trust of Victoria,
Heritage Victoria, Regional Development Victoria and a range of community
groups with a social or heritage connection to the site.
A project control group, made up of key community
stakeholders and Government agencies, will now be tasked with providing
oversight of the EoI process.
A further report outlining options for the maritime and
naval collection housed in the Osborne House Stables has also been sought by
Brownbill Ward Cr Eddy
After many years, it’s really exciting we’re taking
another step forward towards the sustainable redevelopment of Osborne House,
which Council agreed in 2018 to keep in public hands. Council has extensively engaged with stakeholders
and the broader community in a robust and healthy manner about the future of
this historic site. I thank the community groups and individuals who have been
involved for their input. The Expression of Interest process will test the
market to better understand the level of interest that exists in government
and/or private sector partnering with Council in the redevelopment of Osborne
House and its surrounds.