Premier Daniel Andrews joined Minister for Planning Richard Wynne to announce planning approval for Crown Melbourne's new six-star hotel - a 90-storey tower that features 388 hotel rooms, visitor attractions and 708 residential apartments.
This project will result in Melbourne becoming home to Australia's tallest tower.
According to the government it will create 3000 direct and indirect jobs during construction - including apprentices, helping them complete their training and secure jobs. Once complete, the project will sustain another 1000 ongoing operational jobs.
The economic benefits for Victoria set to stem from the project are estimated at $2.1 billion.
The Government has also taken steps to ensure Crown Melbourne and the Schiavello Group give back to the state, with a $100 million community benefits package, including:
- A $25 million upgrade to Queensbridge Square, including landscaping and two new cafes
- A further $15 million for the Sandbridge Rail Bridge
- Landscaping and public realm improvements on Southbank Boulevard, including a new bike strip
- Street furniture and additional trees along Queensbridge Street, and better connectivity with Freshwater Place