TOURISM & FIRST NATIONS

VALUE FROM PLACE-BASED ASSESSMENTS FOR TOURISM PROJECTS

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Data | Analytics | GIS | Economic Analysis |

Agile Decision Systems

Master Plan Options Assessment Framework

The Master Plan Options Analysis tool provides a clear evidence base with quantified outcomes for
the Master Plan, both at a whole of site level and by sub-precinct.

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Components of the Master Plan Options Assessment Framework

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Benefits of the Master Plan Options Analysis

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KEY PROJECT

Twelve Apostles Visitor Experience Centre (VEC) & Shipwreck Coast

Place Context: Burwood, Melbourne, Victoria

Project Type: Precinct Development, Transport Infrastructure, Amenity

Project Lifecycle: Options Analysis and Cost/Benefit assessment

Scope: Transport Assessment, Land use, Jobs/GVA, GFA/development uplift, Dwellings, Value creation

This case study provides one example of how the VITAL system can be used, step by step in three phases.

First, it evaluated the benefits, opportunities, and net value of different station location options. Then, it compared the impacts of non-integrated and integrated precinct approaches around the proposed station under different scenarios.

Finally, further value creation and precinct development outcomes were assessed to align with published visions and policies.

Phase 3

Dynamic Financial Modelling

Detailed value
assessment for
planned transport
locations,
infrastructure,
amenity and
precinct transport
and amenities
integration

Updated impact on dwellings, jobs, development, economic value-added loss or gain because of full transport integration and/or implementation of “20-minute neighbourhood” principles
A ‘Precinct Impact Analysis and Decision System’ interface with revised sub-precincts and revised outputs allowing for different analysis periods, densities/height, growth rates and delivery year for the SRL Station

Project 2

Visitation Analysis

Strategic value
assessment of the
proposed transport
locations,
infrastructure and
amenity and precinct
transport integration

Impact on dwellings, jobs, development, economic value-added loss or gain because of no action at precincts, an integrated precinct at Deakin and at Burwood, or a non-integrated approach
Preparing a clear narrative which can be utilised in discussions with stakeholders through clear summary pages

Project 1

Commercial Feasibility Assessment

Preliminary Benefits
assessment for
potential transport
locations,
infrastructure and
amenity

Provides an order of magnitude estimate of the potential value created/diminished for each station location
Comparison tables summarising benefits by location including net value created, employment and new development GFA

Our project experience in Infrastructure, Amenity & Land Use

Value Advisory Partners has delivered Infrastructure Amenity & Land Use assessments within many projects through Australia and New Zealand

Who we've worked with:

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