Future Land Planning
Located on the Point Henry peninsula, Alcoa’s freehold land totals approximately 575 hectares. The area comprises the former industrial site (approximately 75 hectares), former saltpans, wetlands, farmland and grasslands.
An opportunity now exists for these landholdings to help reshape the region’s future. Transitioning the land from its former industrial use to a sustainable community and tourist destination could greatly assist Geelong. It will demonstrating leading practice in contemporary urban development and significantly contribute to the future growth of the city.
The Point Henry 575 Concept Master Plan outlines the potential future uses of Alcoa’s landholdings and is informed by broad community engagement undertaken by Alcoa since December 2015.
Following a draft released for community feedback in 2016, Alcoa published the updated Point Henry 575 Concept Master Plan in September 2017. The plan guides the possible future transition of Alcoa’s landholdings over a 20 to 30-year period and unlocks the Point Henry peninsula by connecting Geelong to:
- A new coastal destination
- Point Henry’s unique landscapes
- A diverse range of sustainable living opportunities.
It has the potential to generate an estimated $3.5 billion expenditure, 4000 construction jobs and 1000 ongoing jobs over a 20 to 30-year period.
Alcoa is tremendously proud of its contribution to the Geelong region over more than five decades and looks forward to Point Henry 575 making a significant contribution to the region’s future.
The plan was submitted to the Victorian Government’s Department of Environment Land Water and Planning's Moolap Coastal Strategic Framework Plan process in 2017.