The Bendigo Kangan Institute’s Bendigo City Campus is spread out over a 2-hectare city block, and occupies a number of deteriorating heritage buildings and outdated facilities which have become unfit for education purposes. As a result, the campus has suffered a lack of activity and vibrancy over recent years.
NAVIRE was engaged by BKI to prepare a masterplan and business case to articulate and test the redevelopment options for revitalising the Bendigo City Campus. The objectives for the project included:
- the delivery of new modern education facilities;
- increase student enrolments;
- consolidate BKI’s teaching operations in a reduced footprint;
- the delivery of complimentary commercial and community focused precincts; and
- ensure the fit-for-purpose use of highly valued heritage buildings on campus.
NAVIRE’s key responsibilities for the engagement included:
- procuring and managing the range of consultants required to input into the masterplan and business case processes;
- participating in and steering the investment logic mapping;
- preparing a full business case to DTF requirements;
- financial modelling and analysis of the NPV and cashflow for the range of project options;
- economic multiplier benefit modelling of the project options;
- spatial planning modelling to identify BKI’s spatial needs to accommodate the projected future student enrolment growth on campus;
- advising on suitable procurement strategies to deliver different elements of the project; and
- advising on suitable land divestment and tenure arrangements.
Where it’s at
The business case was supported by Government and received the full $59.9m funding request in the 2018-19 State Budget. Following this, the project has entered the design development phase and is anticipated to commence construction mid-2019.