Rainbow Junction is a development project in Pretoria, South Africa.The development, having evolved over a number of years, comprises plans for a mixed-use development of some 550,000 square meters of commercial property developments over a 140 hectare greenfield site. This project presents itself as a new urban core in the northern parts of the city - "The New Business Gateway to Africa".
Originally planned as a mixed used development supporting a planned sports complex comprising a 41,000-seat stadium and an attached indoor sports arena, it was to be used as a match venue for the 2010 FIFA World Cup finals.[1] In 2005, it was reported that no public funding had been set aside for the project and that the Tshwane municipality was seeking private financing to complete the stadium and associated infrastructure.[2] Originally planned for completion in June 2007, the site was downgraded to be used as a training venue for the World Cup, rather than hosting any matches.[3]
After FIFA decided not to use the proposed stadium at all, selecting Loftus Versfeld Stadium in its place, the development was amended.[4] [5] The new development proposal, covering over 70 hectares, comprises eight phased development areas. Construction is expected to be phased in over 10 to 15 years commencing mid-2012.[4]