Brimbank Council has decided to renew the St Albans Town Centre Special Rate Scheme to fund a program of business led activities and initiatives encouraging commerce, retail activity and employment opportunities in the St Albans Town Centre.
Council has declared the Special Rate scheme for a further five and a half years, starting on 1 January 2019 and ending on 30 June 2024, raising over $700,000.
Brimbank Mayor Cr Margaret Giudice said that renewal of the special rate is an important way to facilitate the economic development of the St Albans Town Centre.
“St Albans is a vibrant and multicultural centre of which we’re very proud, with a thriving business mix.
“The special rate will continue to make possible an ongoing program of marketing, promotions and business development initiatives to help improve the commercial viability of the town centre,” Cr Giudice said.
The proceeds of the Special Rate will be provided to the St Albans Business Group Association Incorporated (SABGAI) to be spent on activities and programs that that encourage commerce, develop retail and professional activity, and drive employment within the local community.
“The proceeds of the existing special rate have funded a program of marketing, promotions and businesses development initiatives that are raising the profile of St Albans and creating economic activity.
“This activity included significant events like the St Albans Lunar Festival, Moon Lantern Festival, and participation in the Melbourne Food and Wine Festival, which draw tens of thousands of people to the town centre.
“Council expects the renewal of the St Albans Special Rate will continue to boost commerce and activity and improve the profile of the area, along with the other activities that Council pursues to develop the centre,” Cr Giudice said.
The decision to renew the St Albans Special Charge Scheme was made after consulting with owners and occupiers of the properties that will be liable to pay the Special Rate.