Extensive research was completed to inform the two site decision making process; see below for further detail:
The decision making process over the last two years has included workshops, discussions, site tours, research, staff advice and consultant reports to the point where a justified recommendation could be made regarding the site and preferred development option for the Council's new Community Hub, Library and Innovation Centre (CLIC).
Key elements for the decision making process are described as follows:
While all Options are considered to be aligned, those Options that enhance vibrancy and investment through mixed use development and those Options which provide for the CLIC on Prospect Road are likely to progress more Strategic Plan objectives than those Options that do not.
The expected community benefit under each Option was independently quantified with the finding that the greatest positive impact on community welfare would come from progressing the Prospect Road site and mixed use development, returning the highest net present value of benefits.
Those Options that include a co-location of the CLIC and Civic Centre have a higher upfront build cost due to the additional scale of construction. This additional cost is offset by the
opportunity to sell the alternative (unused) site and by reduced ongoing operating costs over time in the form of savings generated from co-location. Analysis performed by Council has
concluded that while the upfront capital cost differs across Options, all Options are affordable in the context of the current Long Term Financial Plan.
Delivery risk is higher for those Options which consider co-location of the CLIC and the Civic Centre and include a provision for mixed use development. All Options have been assessed
as deliverable within the risk tolerance of Prospect as defined by Council’s Risk Management Framework.
The completed risk assessment showed that provided the risk management framework continues to be applied throughout the life of the CLIC Project, all Options can be delivered without exposing Council to an overall level of ‘Extreme’ risk. All Options are therefore considered to be acceptable from a risk perspective.