History 250x250px|The Clipsal factory in Bowden in the foreground The Bowden site was occupied by Clipsal, a company manufacturing conduit and electrical accessories, in 1936. The opportunity for an urban development on the site grew out of the South Australian Government's plans for eleven transport-oriented developments in the Adelaide metropolitan area, combined with Clipsal's decision that the Bowden site is surplus to company requirements and plan to vacate. The site was originally offered for sale in early 2008 with offers to be received by July 2008. Offers in the realm of 75 to 80 million Australian dollars were expected however evidently not attained ; as the 2008 economic crisis accelerated and falling property prices diminished the likelihood of a sale at expected prices, the South Australian government intervened and announced in October 2008 that it would purchase the site. It was revealed in November 2008 the government had agreed to pay A$52.5 million.
History 250x250px|The Clipsal factory in Bowden in the foreground The Bowden site was occupied by Clipsal, a company manufacturing conduit and electrical accessories, in 1936. The opportunity for an urban development on the site grew out of the South Australian Government's plans for eleven transport-oriented developments in the Adelaide metropolitan area, combined with Clipsal's decision that the Bowden site is surplus to company requirements and plan to vacate. The site was originally offered for sale in early 2008 with offers to be received by July 2008. Offers of 75-80 million Australian dollars were expected but not attained due to the financial crisis of 2007–2008. The South Australian government announced in October 2008 that it would purchase the site. It was revealed in November 2008 the government had agreed to pay A$52.5 million.
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