Plans for a major waterfront development, dubbed a “new South Bank,” have been revealed for the Visy site. The project aims to revitalize the area, though specific details regarding the development’s design and scope remain limited. The announcement coincided with the naming of a developer for the project. Crucially, the deputy premier deflected questions about the financial terms of the land acquisition and whether the land will remain publicly owned, stating the cost and ownership were irrelevant. This response has raised concerns about transparency surrounding the deal. Further details regarding public access and community benefits are yet to be disclosed, leaving questions about the project’s overall impact unanswered. The lack of clarity regarding public ownership is expected to fuel debate.