ɪn tˈuː θˈaʊzənd twˈɛlv, ðˈɛnplˈænɪŋ mˈɪnɪstɚ mˈæθjuː ɡˈaɪ ˌʌndɚ ðə stˈeɪt ɡˈʌvɚnmənt ʌv tˈɛd bˈeɪluː mˌeɪd ɐ sɚpɹˈaɪz dᵻsˈɪʒən tə ɹᵻzˈoʊn tˈuːhˈʌndɹɪd fˈɪfti hˈɛktɛɹz ʌv fˈɪʃɚmənz bˈɛnd fɹʌm ˈɜːbən ɪndˈʌstɹɪəl lˈænd tə mˈɪkst jˈuːs, plˈeɪsɪŋ ðɪ ˈɛɹiə æz pˈɑːɹt ʌv mˈɛlbɚnz kˈæpɪɾəl sˈɪɾi zˈoʊn.
In 2012, then-Planning Minister Matthew Guy under the State Government of Ted Baillieu made a surprise decision to rezone 250 hectares of Fishermans Bend from urban industrial land to mixed use, placing the area as part of Melbourne's Capital City Zone.