The decision follows the completion of a feasibility study that found significant opportunities for the city to attract a greater market share of events with 800 -1,000 patrons – if the venue is improved and modernised.
Councillors last night selected two design options for further investigation and financial and economic impact analysis, the outcome of which will inform project progression and grant applications to the State and Federal Governments.
The first option, at a cost of $16,267,500, would cater for 875 guests in a cabaret style, with another 125 people in a smaller function room on the first floor.
The second option, at a cost of $12,877,500, would deliver 720 cabaret seats on the ground floor.
AlburyCity Mayor Kevin Mack said a revamped and modern convention area would not only provide a new focus for the Albury Entertainment Centre, but also open doors to attracting lucrative conferences and other major events.
“The centre has served us well but it was built in 1964 and is becoming dated and risks falling short of the standards expected in the modern conference market,” he said.
“Council is keen to investigate whether we can develop - with government help - a state-of-the-art centre that will help us to attract conferences of up to 1,000 people, providing a massive boost to the local economy.
“This potential development aligns with the goals set out in Albury 2030 and the Two Cities, One Community initiative to ensure the border cities remain vibrant, diverse communities that can successfully compete in the very valuable national conference and tourism market.”