Frankston Regional Aquatic Centre Funding Strategy

Summary

Client: Frankston City Council

Services: Facilities, Funding, Planning

Consultants:

Location: Samuel Sherlock Reserve Cranbourne, Frankston Victoria 3199, Australia

Completion: August 1, 2012

Synopsis

Frankston City Council (FCC) is planning to build a major regional aquatic leisure centre to meet the needs of its residents and surrounding regional population. Detailed design and costing indicated this centre was likely to cost $46.350M and as this was well beyond the financial capacities of Council to fund SGL was commissioned to complete a funding strategy that aimed to attract up to 50% of the development cost from other sources.

Description

The Frankston Regional Aquatic Centre (FRAC) project was first identified from recommendations in Councils 1999 Aquatic Strategy Report completed by SGL. The new centre concept was based on closing down Councils aged Jubilee Park Swimming Centre and replacing it with a large facility that could meet all of the cities aquatic leisure needs. Over the next 10 years a range of facility options and sites were investigated but lack of funding and the need for the facility to take on a regional provision role emerged due to a lack of surrounding facilities.

Research indicated the new centre would need to cater for a current population of 150,000 people as the closest aquatic facilities were some 12 kilometres north, 22 kilometres south and 30 kilometres east. By 2031 this regional population will also have increased to around 180,000 people so any facility built needed to be future proofed. This in part led to FCC in 2010 supporting development of a $46.350M Regional Aquatic Leisure Centre located on a high profile site adjoining Chisholm TAFE and Frankston railway Station and close to the edge of the Frankston CAD.

SGL assisted with design and development of the concept and then was commissioned to complete a funding strategy aimed at attracting up to 50% of the capital cost from other sources. The strategy was approved by FCC in late 2010 and involved developing two facility options being a city wide ($31.5M development) and the regional facility ($46.350M) and then seeking funding from both State and Federal Governments for a three way partnership project that with extra funds would see the regional centre built. A large range of support documents including business plans, economic and social impact reports and health and wellness outcome reports were completed to support the project funding submissions. The funding strategy involved a range of direct applications submitted to funding schemes plus representation to both level of Government on the many benefits associated with building the larger regional complex.

Following a year of ongoing contact the Victorian State Government approved funding for $12.5M and this came from a range of grant sources and indirect funding commitments as part of a redevelopment of Frankston CAD. The attraction of state funding then allowed FCC and SGL to concentrate funding support from the Federal Government and following a number of delegations to local members and Canberra FCC was successful in attracting a Regional Development Australia Fund grant of $13.5M. This funding saw a total of $26M raised as part of the SGL funding strategy.