Council makes Mill move

The Mill at Moreton Bay, home to UniSC and a future Brisbane 2032 Olympics venue, is being taken back by Council.

City of Moreton Bay councillors have unanimously approved “realigning responsibility for the strategic development to the Council’s Economic Development team”.

The move would “maximise cost efficiencies and Council oversight” for 65ha of Council-owned land zoned for urban mixed-development and 110ha of green space.

Council will be be responsible for Millovate Pty Ltd following its 2024 AGM in September.

City of Moreton Bay established Millovate in 2020 as a wholly-owned commercial entity to lead the vision and development within The Mill at Moreton Bay PDA, Petrie.

With the site now to incorporate a Brisbane 2032 Olympics venue, CEO Scott Waters said the time was right for Council to resume direct responsibility.

“Council and Millovate have worked closely since 2020 to realise development of this site, so we see this transition as business as usual, leading into the AGM in September,” Mr Waters said.

“There will be minimal disruption to the continued development of The Mill, with the Economic Development team integrating the Millovate team into day-to-day operations.

“This strategic realignment, along with stakeholders University of the Sunshine Coast the Brisbane 2032 Olympics, set the scene in delivering the exciting opportunities this site continues to offer.

“With The Mill site a key part of our Olympics vision and City of Moreton Bay’s role on the Olympic and Paralympic Committee, it is opportune to now bring this project in-house.

“I’d like to thank the Millovate Board and the broader team for their expert advice and commitment to progressing the site to where it is today.”

Chair of Millovate Pty Ltd, Nigel Chamier said he is “proud to see the site begin its transformation, with the University of the Sunshine Coast campus and railway connection just the start”.

“I was Chair of the Commonwealth Games Committee and it makes so much sense that the site now be managed by Council in the lead up to 2032,” Mr Charmier said.

“The site will go from strength to strength and with several commercial transactions in the pipeline, I look forward to watching it grow and develop even further.”

Mayor Peter Flannery said the site at The Mill and surrounding Petrie area was poised for even greater success based on the results of The Mill’s Social and Economic Impact Assessment.

“We’ll continue to shape the precinct to drive economic growth, education, and employment opportunities, investing in outcomes that will benefit our rapidly growing population.,” he said.