Arts precincts are characterised by a large stretch of land that features several major institutions across art forms, alongside tenants and independent organisations under one cohesive umbrella or vision. Perhaps more strategically than coincidentally, they are often on the waterside and create pockets of public space where art, leisure, food, entertainment and cultural tourism ideally work in harmony.
The last decade has seen a steady rise of cultural precincts. In 2014, Adrian Ellis, Director of Global Cultural Districts Network (GCDN) predicted that over US$250 billion (AU$277.57 billion) would be invested into new developments in the next decade… and here we are.