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Construction commenced on the two-level enclosed complex in July 1966, with a Myer and Safeway as major anchors, and 40 speciality stores and a 1200 space car park. The initial centre cost $13,000,000 (1966) ($167,568,115.94 (2017)) to construct, on a 5.67-hectare (14.0-acre) parcel of land just north of the Maroondah Highway in the heart of Ringwood.
The discount rates typically applied to different types of companies show significant differences: Start-ups seeking money: 50–100%; Early start-ups: 40–60%; Late start-ups: 30–50%; Mature companies: 10–25%; The higher discount rate for start-ups reflects the various disadvantages they face, compared to established companies: