The Queensland State government plans to expand South Bank upriver, and into South Brisbane & West End. This will involve the purchase of the Parmalat milk premises. See story here.
"The South Bank Corporation would oversee the expansion of the parklands precinct from 42ha to 69ha.
It would include a 50m pool and aquatic play area, green space, picnic and barbecue areas, markets and a retail and dining precinct. There would also be new commercial and residential buildings to offset the cost of public infrastructure. Ms Bligh said one of the features of South Bank 2 would be a new cultural institution, with a national indigenous museum favoured by authorities. She said the plan envisaged Hope St and Montague Rd becoming "vibrant destinations" similar to James St in Fortitude Valley and Little Stanley St in South Brisbane."
It looks like a great plan. But if the government changes at the next election, this is unlikely to go ahead because Campbell Newman said that he wants to abolish South Bank Corporation.