2016 has ended with me in debt from 1 solo exhibition, three group exhibitions and publishing the Abstract Photography book during the year. So 2017 will necessarily be low key, as it is primarily a year of paying off the debts incurred. I have decided to use the period of consolidation to work through my 1980s and 1990 photographic archives to get material for a book tentatively entitled The Bowden Archives and Other Marginalia.
Any photography that I do in 2017 will be primarily concentrated on the collaborative Mallee Routes project in order to build up the images in my digital and film galleries so that there is material for a second exhibition. One is tentatively being planned for in late 2017.
The 1980s in Adelaide witnessed a building boom of office development that was fueled by the deregulation of the exchange rate and the financial system. By 1985 Australia had become more integrated into a global market, partly because the internationalisation of the world’s capital and financial markets had already proceeded so far that it was more or less impossible for a small country like Australia to resist moving in the same direction. Deregulation in Australia by the Hawke-Keating Labor Government created culture of unrestrained growth a boom in property and tourist developments, and speculative investment by managers unprepared and untrained for the consequences.
The boom and bust decade in Adelaide ended with an oversupply of office space rising interest rates, lowered property values , withdrawal of bank loans and the collapse of the state bank. It was bailed out by the state government and Bannon resigned as Premier in 1992. The Adelaide’s central business district was stripped of its old stock of commercial buildings, which were replaced by speculative modern office towers, creating uninhabited ghostlike city streets after hours, except for a few entertainment strips. The developer syndrome resulted in a hollowness in Adelaide’s city centre, that was symbolised by the punitive modernism of its tallest building –the State Bank Centre.
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[…] Australia’s economic decline and high unemployment. The redevelopment was part of the building boom of the 1980s in South Australia that was characterised mainly by speculation in office development. The politics […]