Rainbow Junction

Rainbow Junction is a development project in Pretoria, South Africa. The development, having evolved over a number of years, comprises plans for a mixed-use development of some 550,000 square meters of commercial property developments over a 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".

History

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 venue for the World Cup, rather than hosting any matches.^[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]

References

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

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[1] "City of Tshwane Integrated Transport Plan 2004-2009" (PDF). City of Tshwane. 24 February 2005. Retrieved 11 July 2010.

[2] "Tshwane to table R8,9bn budget". Mail & Guardian Online. 26 May 2005. Retrieved 11 July 2010.

[3] "South Africa to cut number of proposed World Cup venues". China Daily. 23 July 2005. Retrieved 11 July 2010.

[iolproperty-4] "DA urges external help with Rainbow Junction property development". IOL Property. 10 June 2010. Retrieved 11 July 2010.

[5] "Croat Constructs Stadium for 2010 WC in RSA". dalje.com. 21 June 2007. Retrieved 11 July 2010.

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