Sydney Business Chamber says the draft Pyrmont Peninsula Place Strategy will drive much needed growth for Sydney as it resets and revives from the Covid crisis.
“Pyrmont is a critically important precinct for Sydney as a social and economic hub providing jobs in key sectors across media, technology, entertainment and hospitality and building knowledge jobs for the future,” said Katherine O’Regan Executive Director of the Sydney Business Chamber.
“Connecting this precinct to the City paves the way for investment and will boost tourism by connecting our iconic places such as Sydney Fish Markets and the International Convention Centre as well providing a continuous walkway from Pyrmont to the Opera House,” Ms O’Regan said.
“Yet central to the realisation of the economic and community benefits of the Plan is a Sydney Metro Station.
“Modernisation of the planning controls, improvements to the public domain and investment in making the Peninsula more vibrant and walkable are essential but the economic and community benefits will only be fully realised where there is better connectivity to rest of Sydney, particularly the CBD and Parramatta. These benefits can only come with a metro station.
“We are pleased that many of the recommendation’s we made in our submission during the first round of consultations have been incorporated in the Draft Place Strategy, in particular:
- Developing the peninsular as an extension of the currently constrained CBD and focusing on employment growth and commercial development over residential development.
- Integrated planning and better coordination between each tier of Government.
- A focus on walkability and connectivity, including removing the gaps in the Blackwattle to Walsh Bay, foreshore walk and fixing the current traffic sewer that is Harris Street.
- More consistent and clearer governance arrangements, including consideration innovative models, such as a Business Investment District (BID).
- A focus on renewing the areas Nighttime and Visitor Economy with strategic investments in new cultural facilities and life performance.
“We will continue to consult with Government and stakeholders over the coming weeks to finalise the Plan to ensure that enables private sector investment and balances the preservation of the areas rich heritage and with renewing this precious piece of Sydney,” Ms O’Regan said.
Media contact: Executive Director Katherine O’Regan 0419 411 801
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