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RETAINING AND STRENGTHENING PRESTON MARKET seizing the opportunities Buying ing and selling ing within in an environ onmen ment t where e Functions of markets pro rovena enance ce is known own and freshness ess is assured red


  1. RETAINING AND STRENGTHENING PRESTON MARKET seizing the opportunities

  2.  Buying ing and selling ing within in an environ onmen ment t where e Functions of markets pro rovena enance ce is known own and freshness ess is assured red “Melbourne markets are the heart and soul of our suburbs” (State Gvt) and also  Tourism ism Preston is the only remaining market that serves the northern part of the city.  Infor orma mati tion on Its physical structure is the second oldest in the city.  Meeti ting g people  Pro rovi viding ing service ices  Enter erta tainment inment  „consuming food and drink  Asser erti ting g cultu tural identi tity ty  Incu cubati ting g small busines inesses ses  Promo moti tion ons s and adverti tisin sing

  3. RUNNING A MARKET AS A BUSINESS - the market may be the biggest local business ($50M turnover?) - needs skills in running a market - joint venture between traders and the market owner - not just a shopping mall - good case for expansion - a profitable enterprise cluster (self funding from $15-20M generated)

  4. A starting point for planning should be the market It is a market precinct after all, and the landowner knew that from the start. - consider what uses will strengthen the market - consider how to position other uses to enhance the market - family housing rather than communter housing for singles? - cultural and community uses can cross subsidise. Remember that investing in the market is likely to yield a better return on investment than any other use. Don’t treat the precinct as a greenfield site. Don’t move the market out of the way of other uses.

  5. Moving the market doesn’t make any sense The argument goes like this:  there is “informal construction advice” that major upgrading of the physical environment is required to comply with contemporary regulations  developing a new site and then moving the traders to it would be less disruptive than upgrading in situ  the spaceframe roof and concrete walls that have greatest built heritage value can be relocated (with 25% loss). How ow is it less disrupti ptive e to to requ quire e traders ers to to operate e withou out t wa walls s or a roof? the greenest buildings are the ones that are already built

  6. Relevan ant t Retr etrof ofits its Sheffield Arts Tower (built in „60s, heritage listed) Sydney Opera House Lessons are ■ recruit the original architect to design and oversee the retrofit ■ p romote “loose fit” solutions that allow for ongoing adaptation over time (without relocation). Is the market Preston‟s Opera House? - it‟s all about the roof - iconic - probably just as profitable

  7. Which is more important : the entrance or the roof? Street presence is not critical. Gateway entrances are adequate. Circulation and through passage are more important. Best solution: • Gateways and covered walkways from 3 streets and the station • Signage and public art to draw people in • Optimal location = the centre of the precinct

  8. Recommended Non-Planning Measures 1. 1. Lease e the market et site te at a peppercor corn renta tal. 2. Establish ish a Trust t to to run the market et, with represen esenta tati tion on from the trader ers. s. 3. Seek advice ce from the Manager ger of South th Melbou ourne e Market et on appropria opriate e operati tion onal arra rangeme gements ts under r a Trust t structur cture. e. 4. Prepare e a Busines ess s Plan that t identif ifie ies s wa ways of increa easin sing g producti ctivit ity y and returns s on investmen stment t for the traders s and the Trust. st. 5. Make e incremen ementa tal market t imp mprovement ements s to to be funded ed ov over time from the proceed eeds s achie ieved ed by running ing the market. t.

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