“A great city is not to be confounded with a populous one.” – Aristotle
The central business district of Perth is bounded by the Swan River to the south and east, with Kings Park on the western end, while the railway reserve formed a northern border. A state and federally funded project named Perth City Link involves the sinking of a section of the railway line, in addition to the sinking of an existing above-ground bus terminal as well as riverside development, known as Elizabeth Quay.
St Georges Terrace is the prominent street of the area with 1.3 million m² of office space in the CBD. Hay Street and Murray Street have most of the retail and entertainment facilities. The tallest building in the city is Central Park, which is the seventh tallest building in Australia. The CBD has recently been the centre of a mining-induced boom, with several commercial and residential projects due for completion, including a 244 m office building for Australian/British mining company BHP Billiton.
Perth’s growth and relative prosperity, especially since the mid-1960s, has resulted from its role as the main service centre for the state’s resource industries, which produce gold, iron ore, nickel, alumina, diamonds, mineral sands, coal, oil, and natural gas. Whilst most mineral and petroleum production takes place elsewhere in the state, the non-base services provide most of the employment and income to the people of Perth.