In 2009, the Greensborough Town Centre was set to receive a major upgrade although most of the improvements were delayed or cancelled due to the global financial crisis. However, in the prevailing years a new state-of-the-art aquatic centre, WaterMarc, has been built alongside an upgraded multi-level car park and Greensborough Walk, a new pedestrian promenade connecting Main Street with Watermarc. In 2017, the Banyule City Council moved their main offices to Greensborough from Ivanhoe as part of the wider "One Flintoff" project which included new offices and community facilities that were built above WaterMarc. However, due to historical considerations council meetings continue to be held at the Old Heidelberg Town Hall in Ivanhoe.