IOU moves to Victoria Harbour

One of Docklands’ most notable artworks – the IOU sculpture – will this month have a new home at Water Plaza on Victoria Harbour Promenade.

The stainless steel and toughened glass IOU sculpture was created by artist Mikala Dwyer and has been a popular piece of public art in Docklands for more than 10 years.

The sculpture was previously located at the community open space on the corner of Harbour Esplanade and Collins St since 2005. However, due to the upgrade of the park, Development Victoria sought a new home for the public art.

Development Victoria’s general manager precincts, Simon Wilson, said the new location would allow for better visibility of the artwork.

“The IOU sculpture will provide a new focal point for residents, businesses and visitors to Victoria Harbour Promenade,” he said.

The new location was selected in partnership with the artist and the City of Melbourne.

The IOU sculpture is expected to be moved to Victoria Harbour Promenade in November.