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J6663 WHIPPER RECRUITMENT .COM.AU OCTOBER 2019 | 3 HBR from the editor HBR business news With recent With the potential for further monetary stimulus reducing, Five star hotel fitout set to start as City of Newcastle moves to new location interest rate drops governments, and particularly the Federal Government, are City of Newcastle moved into its new Administration Centre and tax cuts in a bind. Should they stimulate the economy with additional (CAC) at 12 Stewart Avenue on 8 October, allowing new owners seemingly doing spending measures and risk their budgetary position or do Crystalbrook Collection to commence work on converting it's old little to stimulate the nothing? The problem with doing the latter is of course if building into the City’s first five star hotel. economy, the focus economic conditions deteriorate, it will have a negative effect on Concurrently, City of Newcastle will recommence the campaign is being placed more the budget anyway. to sell or lease the Frederick Ash building (FAB) which stopped last on Governments to This difficult position has also been created by governments in year when it became apparent the nearby Roundhouse was likely consider what they the past that have failed to build a budgetary surplus war chest to receive a new future as a hotel. can do to help boost for tougher economic times, often because of short term political City of Newcastle CEO Jeremy Bath said the time was right for economic activity. gains such as pre-election sweeteners. expressions of interest to be sought for all three buildings. Reserve Bank With a number of domestic and international economic “This will be a campaign that will again attract interest both Governor Phil pressures, it will be a challenge to balance their economic domestically and internationally. The opportunity to buy into a Lowe on a number responsibilities with their political demands, which in some cases precinct that will in 12 months’ time be home to Australia’s newest of occasions has have been largely of their own creation. five star hotel, will undoubtedly create significant excitement. called for more “For the City of Newcastle, our job is to maximise the value of infrastructure those buildings for ratepayers as well as create opportunities spending and job Garry Hardie for the private sector to invest in the civic precinct to further its creation policy and Publisher & Editor position as the cultural capital of the region. Kingsley Hotel that monetary policy “Not only will the area include the Kingsley Hotel, but also the is not the only way to stimulate the economy. ON THIS MONTH’S COVER Civic Theatre, the Newcastle Art Gallery, The Newcastle Museum, The fit out is being completed in two stages, with levels 2 to 5 One of the major stumbling blocks for more Government the Civic light rail station, Newcastle Library, the soon to open completed first while construction will be underway on levels 1 Bonython Tower in Gosford – spending is that mantra that budget surpluses are good and Visitor Information Centre and Museum Park. and 6 from October to February. one of Steven Construction’s budget deficits are bad. Indeed, the current Federal Government “The City will now seek expressions of interest for the three Crystalbrook Interim CEO and Group Director Hotels Geoff York said trumpeted loudly that their 2020-2021 budget has a planned projects that led them to be awarded Commercial Builder buildings, with most interest in the Fred Ash building given its Newcastle was a great fit for the Crystalbrook Collection brand. surplus and that this is proof of their economic prowess. of the Year at the 2019 Master size and current function as office space.” “We’re excited to be bringing the Crystalbrook Collection brand Whilst budget neutrality or better over the long term is sound Builders Association Newcastle Before the move, Mr Bath said the fit out of 12 Stewart Avenue to Newcastle,” Mr York said. economic policy, it is not the best policy when the economy is Excellence in Building Awards. progressed as planned. Administrative employees walked into “We believe the city is a great fit for our brand. faltering and crying out for stimulus. a modern, collaborative and functional office when they arrived “We’re looking forward to receiving the keys to the Roundhouse for work at 12 Stewart Avenue on 8 October. They left three and anticipate that construction will begin later this year with the buildings, 14 floors and 43 years of memories behind. intention of opening the doors to the five-star Kingsley late in 2020.” Be informed - receive your own copy of Your success is our success HBR Thanks to our valued clients’ support we’ve won a prestigious Australasian Law Award. Talk to our award winning law team HBR is available as a hard about how we can ensure your success. copy magazine and online. CONSTRUCTION | ENGINEERING | MINING | COMMERCIAL | DEVELOPMENT | PROPERTY Make sure you receive HBR by completing one of these options at www.HBRmag.com.au 1. 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Receive notification when the latest issue of HBR is available for reading LAWYERS FREE online 86 Darby Street, Newcastle NSW 2300 For further information visit www.HBRmag.com.au, email [email protected] or call (02) 4062 8133 P 4915 9950 E [email protected] www.keystonelawyers.com.au 4 | OCTOBER 2019 OCTOBER 2019 | 5 HBR business news HBR business news Newcastle Airport takes the lead in NSW scores another Australian tourism 2019 Professional and Young Professional creating a mentally healthy workplace first Engineer of the Year The ability to attract more visitors to NSW and strengthen the Newcastle’s most prestigious individual engineering awards Newcastle Airport CEO Dr Peter Cock has officially been NSW Visitor Economy has been boosted through a new data were handed out at a special centenary celebration in Newcastle welcomed on board as an ambassador for the NSW Government’s modelling tool developed in a collaborative partnership between on Friday 6 September. The Engineer of the Year Awards celebrate Mentally Healthy Workplace Strategy 2018-2022. Destination NSW and Westpac. outstanding individual engineering achievements. This year’s SafeWork NSW Director for Health and Return to Work Jim Kelly, The Destination NSW Westpac Tourism Expenditure Monitor winners were: met with Dr Cock and the Newcastle Airport team to congratulate will deliver valuable insights from aggregated, de-identified them for taking on this important role as a leader to spread the visitor data for the NSW tourism industry to attract more visitors Peter Stepien, Senior Research and Development Engineer, message of the positive benefits of a mentally healthy and safe by understanding how people spend money when they travel ResTech, was named 2019 Professional Engineer of the Year - working environment.