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The Kwinana Freeway upgrade is jointly funded by the Albanese and Cook Labour governments.
Redevelopment plans include a bigger gym, swimming and diving pools restored, 3x3 basketball courts and a multi-sports pitch.
The plans include office space, new homes, retail, green areas and job creation as part of a wider innovation district proposal.
The project will redevelop the site to deliver 45 new homes, with 50% designated as affordable housing.