“The process started on June 14 and will end on August 14. The PPP is a legislative requirement. The city intends granting long-term rights to use, control and/or manage the city-owned property of the Bellville Stadium and Velodrome for an initial period of 30 years, with two renewal options for an additional 15 years each,” said city spokesperson Luthando Tyhalibongo.
At a full council meeting in October 2010, approval was given for the city to award a R3billion tender to establish retail, business, residential, hotel and conference facilities in the velodrome precinct.
According to the city’s Tourism Development Framework: 2013 to 2017: “The Bellville Velodrome Precinct Development that was awarded by public tender in 2010 will create additional tourism opportunity in the area. This development sees a revitalisation of the existing velodrome facility to host more events, surrounded by a mixed-use shopping, office and hotel complex.”
The historic velodrome is reportedly run-down and badly maintained.