Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 11 March 2016

Holman Street

Cool for cats

Sydney's ferries often seem to feature in "best things about Sydney" lists these days.

Brisbane's CityCat system has a bit of a way to go on that front, but a series of ferry terminals were upgraded last year, commencing with a new terminal being added at Milton and then another at Regatta, a veritable boost to local business. 

From memory the total budget for upgrades was in excess of $100 million across eleven CityCat terminals. 

Much of the boon to apartment construction in Brisbane has been in locations close to the river, albeit not necessarily that close to existing terminals.

Holman Street (below) was one such terminal to undergo an upgrade.

The Brisbane CityCat runs seven days a week, and is a great way to get around some parts of the city.

The New Farm Riverwalk replacement, below, was also (re)opened in 2014, having somewhat expensively been torn to pieces during the 2011 floods before drifting off at an jaunty pace towards the Gateway Bridge. 

Fortunately a couple of experienced tugboatmen managed to nudge it through the flood waters and safely to a halt, an arresting scene you may be able to find on Google images.

The replacement structure cost another gulp-worthy $72 million, but it is rather fabulous.

The original walkway was an ambitiously pitched floating structure, but the new model is bolted down into the bedrock of the Brisbane River, and so it ain't going anywhere (at least, one assumes).