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Adelaide Central Market Arcade redevelopment approved by State Commission Assessment Panel

A $400m project to redevelop the Adelaide Central Market Arcade has been approved, with construction expected to start this year.

“win-win for ratepayers and a win-win for council”

– Tom McCready

A joint venture between Adelaide City Council and a property company to spend $400m redeveloping the Adelaide Central Market Arcade has been approved.

In a South Australian-first, the council will recover its $28m contribution towards the project by selling the “air rights” above the arcade, which will be demolished.

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