At the City of Melbourne we have a plan in place to vision becoming a city of possibility. Realising this vision is reliant on the responsible stewardship of community assets – everything from the more than 80 facilities to our 170 outdoor artworks.
Careful management of our built environment ensures we maintain and develop our investments in line with the aspirations our citizens have for our city. It is also through these assets that we are able to fund Melbourne’s adaptive, sustainable and thriving future economy, particularly following the impacts of the COVID-19 pandemic.
Our 10-year Asset Plan outlines Council’s asset management priorities for the next 10 years and the steps we will take to enhance this portfolio and deliver the best outcomes for our residents, visitors and ratepayers.
It outlines how we will maintain our heritage buildings, renew much-loved areas, acquire, expand and future-proof spaces that will enrich everyone’s experience of our city, and reimagine our resources to achieve our Council Plan 2021–25 and its partner strategic plans.
Our assets – including land, roads, buildings and footpaths – total more than $4 billion and have grown over the past five years by about 3 per cent per annum.
If we are to continue our positive growth trajectory, we need a robust governance framework that ensures each decision we make now meets our commitments and sets us up for success in the future.
We are committed to monitoring and evaluating ourselves and these decisions along the way, reporting back on our progress to continually confirm we are delivering for our city and its people.
We look forward to implementing this plan with our community’s support over the next decade.