The New South Wales Government has revealed the Sydney Olympic Park Masterplan 2030 which highlights a massive redevelopment of the Homebush precinct. The plans include an increase in homes by more than 1000% - with the number of residential properties increasing from 800 to 10,700.
The State Government is also aiming to double the number of jobs in the area to up to 34,000 over the next 14 years.
The development area has a total of 640 hectares and the town centre, which is the focus of the redevelopment, will occupy at least 210 hectares.
Sydney Olympic Park Masterplan 2030 (source: Business Insider Australia) According to Sports Minister Stuart Ayres, the Homebush area was one of the city’s “most treasured precincts”.
“Sydney Olympic Park will be buzzing with world-class sporting events, concerts and entertainment, amid lively streets bustling with shops, cafes, with extensive parks, open space and shared pathways for cycling and walking,” Mr Ayres said.
Planning Minister Rob Stokes said that the redevelopment will create “a vibrant town centre” which will guarantee the future of Sydney Olympic Park as a booming and sustainable destination seven days a week.
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Source: Business Insider Australia