Rainbow Junction
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Rainbow Junction is a development project in Pretoria, South Africa. The development, having evolved over a number of years, comprises plans for a mixed-use development of some 550,000 square meters of commercial property developments over a 140 hectare greenfield site. This project presents itself as a new urban core in the northern parts of the city - "The New Business Gateway to Africa".
History
[edit]Originally planned as a mixed used development supporting a planned sports complex comprising a 41,000-seat stadium and an attached indoor sports arena, it was to be used as a match venue for the 2010 FIFA World Cup finals.[1] In 2005, it was reported that no public funding had been set aside for the project and that the Tshwane municipality was seeking private financing to complete the stadium and associated infrastructure.[2] Originally planned for completion in June 2007, the site was downgraded to be used as a training venue for the World Cup, rather than hosting any matches.[3]
After FIFA decided not to use the proposed stadium at all, selecting Loftus Versfeld Stadium in its place, the development was amended.[4][5] The new development proposal, covering over 70 hectares, comprises eight phased development areas. Construction is expected to be phased in over 10 to 15 years commencing mid-2012.[4]
References
[edit]- ^ "City of Tshwane Integrated Transport Plan 2004-2009" (PDF). City of Tshwane. 24 February 2005. Retrieved 11 July 2010.
- ^ "Tshwane to table R8,9bn budget". Mail & Guardian Online. 26 May 2005. Retrieved 11 July 2010.
- ^ "South Africa to cut number of proposed World Cup venues". China Daily. 23 July 2005. Retrieved 11 July 2010.
- ^ a b "DA urges external help with Rainbow Junction property development". IOL Property. 10 June 2010. Retrieved 11 July 2010.
- ^ "Croat Constructs Stadium for 2010 WC in RSA". dalje.com. 21 June 2007. Retrieved 11 July 2010.
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