Council endorses transformative Prospect Lifestyle Precinct Masterplan

Council is pleased to announce its formal endorsement of the Prospect Lifestyle Precinct Masterplan at last night’s Council Meeting.

This significant milestone marks a pivotal step in the once-in-a-generation transformation of Prospect Oval and its surrounding community and commercial land.

Mayor of City of Prospect, Matt Larwood, hailed the masterplan's endorsement, highlighting its long-term benefits and vital necessity for the community.

"For too many years, Prospect Oval has seen little to no significant investment, leading to ongoing complications like buried waste, a crumbling cricket club with an asbestos roof, and non-accessible facilities," he said.

"This Masterplan directly addresses these critical needs, ensuring we provide modern, safe, and accessible facilities for all residents."

"Achieving this vision requires a careful balance of priorities. We've worked hard to not only modernise essential community assets and tackle long-standing issues, but also to foster broader community use.”

“The economic returns from elements like mixed-use development are crucial for funding these vital improvements and new additions, without burdening our ratepayers."

The endorsed Masterplan encompasses key elements presented for community feedback during Phase 2 consultation in February/March 2025, including a new indoor sport and recreational facility and high-quality mixed-use development opportunities.

This vision will transform the precinct into a vibrant hub for health, wellness, fitness, and sport, designed to attract higher levels of community usage, sporting participation, and economic development.

The development of the preferred Masterplan has been a comprehensive journey, integrating extensive inputs from two rounds of community consultation, detailed technical investigations, feasibility studies, and input from two dedicated project advisory groups: the Community Reference Group (CRG) and the Facilities User Group (FUG).

"This endorsed masterplan is a reflection of a rigorous and collaborative process, embodying both Council's strategic vision and the needs and aspirations of our community” Mayor Larwood said.

“We’re grateful to everyone who participated in each phase of community consultation, shared their ideas, and helped shape this shared future."

Mayor Larwood acknowledged the diverse perspectives and passionate discussions heard from the community throughout the master planning process.

"Council’s commitment to listening remains unwavering," he said.

"Over the next 12 to 18 months, as we move into concept development, we’ll continue to engage with our community, providing more opportunities to shape our shared vision for the future precinct."

For more information about the Prospect Lifestyle Precinct and to view the endorsed plan, please visit the Prospect Lifestyle Precinct project page here.

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