Werribee bidder given 90 days to perfect its vision or they're out - 2015-11-11
Australian Education City is led by Bill Zheng, a Chinese-born businessman who once worked for PricewaterhouseCoopers, and who has made a fortune investing in property and other areas via his firm Investors Direct Financial Group.
The state government wants bidders to deliver, over a time frame of 20 to 30 years, a precinct that is more than just broad-acre housing such as the nearby Point Cook. Instead, it wants to see an innovation and research hub built, with high-skill, high-wage jobs.
Australian Education City has promised a 1.5 million-square-metre city on the site, including soaring towers and Australian and overseas universities.