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Bowden development
The Bowden development is an urban development on a former site of the Clipsal corporation in the suburb of Bowden, within the City of Charles Sturt, in the Adelaide metropolitan area of South Australia. The site covers 102,478 square metres, or about 10 hectares, and is bounded by Park Terrace to the south, the Adelaide to Outer Harbour railway line to the west, Drayton Street to the north and Sixth and Seventh Streets to the east.
==History==
The Bowden site was occupied by Clipsal, a company manufacturing conduit and electrical accessories, in 1936. The opportunity for an urban development on the site grew out of the South Australian Government's plans for eleven transport-oriented developments in the Adelaide metropolitan area, combined with Clipsal's decision that the Bowden site is surplus to company requirements and plan to vacate. The site was originally offered for sale in early 2008 with offers to be received by July 2008. Offers in the realm of 75 to 80 million Australian dollars were expected however evidently not attained; as the 2008 economic crisis accelerated and falling property prices diminished the likelihood of a sale at expected prices, the South Australian government intervened and announced in October 2008 that it would purchase the site. It was revealed in November 2008 the government had agreed to pay A$52.5 million.〔http://www.ministers.sa.gov.au/news.php?id=3956&print=1〕 The Clipsal Industries and Gerard Corporations will continue to lease and occupy the site until the end of 2009 at which time the purchaser will gain vacant possession of the site.〔http://www.clipsalsiteforsale.com/clipsalbrochure.pdf〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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