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Development and maintenance should be undertaken in accordance with a business plan that recognises appropriate opportunities for returns.
A collective and consultative approach to enhancement of the Parliamentary Zone should be pursued, to ensure all stakeholders take responsibility and have a greater sense of ownership. |
Investment and OwnershipHistorically, developments in the Parliamentary Zone have relied heavily on Commonwealth funding, making the zone an investment by all Australians. Recurrent funding is required for maintenance and management, as well as for new works. To date, the revenue potential of the zone has not been explored. There are many stakeholders in the Parliamentary Zone. Over time, goodwill has ensured a reasonable level of co-operation between these stakeholders and the various government agencies that have had a responsibility for the zone. As the cultural institutions, in particular, develop and expand their programs and projects, a more integrated business and investment approach will be required.
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