Case Studies

Background

After extensive community consultation, Yass Valley Council proposed the development of Crago Mill Precinct which will see the enhancement and conversion of the historically significant Crago Mill site into a multi-use community precinct, including the development of Council administration centre and community infrastructure. In 2014, Crago Mill was listed on the National Trust of Australia. Crago Mill Precinct will directly address inadequacies and identified gaps in local amenity whilst preserving a historically significant site.  

Project Goals

The Precinct will consist of new infrastructure, a refurbished Crago Mill, and public spaces that connect to the main street. The Precinct is expected to be delivered in two phases over a three year period taking into consideration the existing Administration building location is within the Precinct construction footprint and the need for uninterrupted Council operations. 

REMPLAN’s Involvement

REMPLAN supports Yass Valley Council through conducting an economic assessment that identified the direct and indirect economic effects associated with the project on the economies of Yass Valley Local Government Area (LGA), Southern Tablelands and New South Wales during construction, the resulting long-term employment impacts during operation, and the potential return from project investment.  

This analysis applies REMPLAN regional economic data incorporating information sourced from the Australian Bureau of Statistics (ABS) Census, ABS National Input / Output Tables, and ABS Gross State Product.  

Results

The construction of Crago Mill Precinct supports 124 short-term jobs, $30.1 million in value-added, and a gross revenue of $93.7 million. The operation of Crago Mill Precinct and the associated increase in local jobs and revenue is predicted to generate $18.5 million in gross revenue, 58 long-term jobs, and $9.7 million in value-added. Under a 7 per cent discount rate, the ratio of costs to benefits brought by the Crago Mill Precinct is $1.00 to $1.26.