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Rainbow Junction is a development project in Pretoria, South Africa. The development, having been evolved over a number of years comprises plans for a mixed-use development of some 550,000m2 of commercial property developments over 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. The implementation of this unique property development will be phased over a period in accordance with a specific designed and developed roll-out strategy, and planned infrastructure solutions[buzzword] in support of the area known as the "Zone of Choice" within Pretoria.

Brief project History - pre 2007

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, rather than a match venue for the World Cup.[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]

ReferencesEdit

  1. ^ "City of Tshwane Integrated Transport Plan 2004-2009" (PDF). City of Tshwane. February 24, 2005. Retrieved July 11, 2010.
  2. ^ "Tshwane to table R8,9bn budget". Mail & Guardian Online. May 26, 2005. Retrieved July 11, 2010.
  3. ^ "South Africa to cut number of proposed World Cup venues". China Daily. July 23, 2005. Retrieved July 11, 2010.
  4. ^ a b "DA urges external help with Rainbow Junction property development". IOL Property. June 10, 2010. Retrieved July 11, 2010.
  5. ^ "Croat Constructs Stadium for 2010 WC in RSA". dalje.com. June 21, 2007. Retrieved July 11, 2010.