A masterplan process has begun to redevelop the historic Kyneton Primary School site to ensure it remains a community asset when the school relocates next year.
An announcement in Kyneton last week confirmed $90,000 in state government and council funding with the community eager to help shape the plans of the decommissioned site.
Several ideas for future use of the iconic site have already emerged including a multi-use community space and trades hub.
Macedon Ranges mayor Cr Jennifer Anderson said the masterplan would take these and other concepts into consideration for the best possible outcome.
"Given that it is centrally located and has plenty of space there's great potential for it to become an important community hub for any number of activities," she said.
The masterplan and options analysis will consider economic benefits of stimulating Kyneton's town centre activity, community health and wellbeing, and the provision of diverse leisure, recreation and social opportunities.
Macedon MP Mary-Anne Thomas said the revival was a once-in-a-lifetime opportunity to make the best of the location in a way to support future town growth.
"As a Kyneton local, I want the old primary school site to be an active space where our community can come together. I'm excited to see what will be developed and put on the table as a result of this process," Ms Thomas said.
The revamp has the potential to address several community needs such as provision for open space in the CBD and space incorporating mixed and multi uses.
Kyneton Town Square Reference Group spokesperson Mark Ridgeway welcomed the move and was pleased to see a high level of interest in the future of the site from the Kyneton community.
"Our goal is to ensure that the primary school site stays in public hands and that it is developed into a resource that will be used by the local community for a broad range of purposes," Mr Ridgeway said.
"We look forward to engaging with the council to develop a master plan for this important community site."
The Kyneton Primary School is scheduled to relocate to a new site in Edgecombe Street at the end of 2017, when the Department of Education and Training will release the property for sale.
The latest funding for a masterplan incorporates $65,000 from the state government as well as Macedon Ranges Shire Council's contribution of $10,000 and $15,000 in-kind support.