The City of Cape Town has released the annual state of Cape Town Central City report. A lot of work has been done by the Central City Improvement District to improve the conditions in the Cape Town CBD.
CCID senior researcher and co-author of the report Andrew Fleming told Kieno Kammies that the report entails a holistic look at what is driving the central city in terms of social and economic growth.
We have information about property investment in terms of the physical build environment. We also have information on specific sectors of economic growth like the financial services sector, the publishing sector and the retail sector in the Cape Town CBD. We look at living in the central city as well.
Flemming spoke about the areas that are ready for expansions such as the expansion of the Cape Town International Convention Centre and the new Christiaan Barnard Hospital.
Other projects he mentioned includes the upgrade of Cape Town Station for R210 million. Fleming said they want to have a more functional Cape Town Station.
The old Tulip Hotel was demolished about a week and a half ago to make way for a R120 million mixed-use development called Accor Hotels. It will include hotel bedrooms, parking, retail, restaurants and meeting facilities.
The demand is growing for accommodation in the CBD. More people really want to live in the quite, unique urban environment we’ve got in town.
Because of the high demand for accommodation, Fleming said they are working with developers to explore different means of providing it. They'll look at price plans to make residential accommodation more affordable and different ways of building, hopefully multi-use buildings (buildings that are partly residential and partly commercial).
The city centre attracts an average of 30 000 people a month to attend festivals and other events. In 2014, an estimated 361 064 people attended public events in the CBD.