The V A Waterfronts proposed new Granger Bay development is expected to contribute over R1.1 billion US62 million to annual GDP and drive further tourism benefits including increasing the amount of time tourists spend at the Waterfront, improving repeat visitor rates and its attractiveness to international and domestic tourists, according to a draft scoping report on the development.
The V A Waterfront, already one of the most visited attractions on the continent, intends to start a R20 billion US1.1 billion phased development that will continue over the next 15-20 years. The development is part of the Waterfronts long-held plans for the Granger Bay portion of the property, connecting it with the Atlantic Ocean coastline. The area will be mixed use, extending the existing promenade and allowing for residential and other developments such as hotels.
The draft scoping report, prepared by Infinity Environmental , is part of the environmental impact assessment process. The comment period allows for any concerns and issues to be raised early on in the process. Public comments on the report close on September 1.