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A Five Year Strategy for a Vibrant & Competitive City of Sydney

A Five Year Strategy for a Vibrant & Competitive City of Sydney. Prepare for the next growth phase. Asia Pacific middle class to grow six-fold to 3.2bn by 2030, to be ⅔ rds of the world’s middle class with spending power of $33 trillion. Europe. North America. Central & South America.

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A Five Year Strategy for a Vibrant & Competitive City of Sydney

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  1. A Five Year Strategy for a Vibrant & Competitive City of Sydney

  2. Prepare for the next growth phase Asia Pacific middle class to grow six-fold to 3.2bn by 2030, to be ⅔rds of the world’s middle class with spending power of $33 trillion Europe North America Central & South America Africa & Middle East Asia Pacific Source: OECD (2010) – Millions of people comprising each region’s “middle class”

  3. Complacency Contribution to Australia’s GDP growth Mercers ranking for Sydney “liveability” • 2001 – 4th • 2011 – 11th Sydney is a leader in Sustainability but lags for Transport and Economy Sources: SGS Economics (2011); Mercer (2012) Source: PwC (2012) – Data variables modelled independently on PwC website

  4. City of Sydney Council Area The fast-growing core of Australia’s gateway to the world International tourists to Sydney Sources: ABS (2012); Tourism NSW (2012)

  5. Financial Capacity Increasing revenues and conservative policies have left the Council with substantial cash and surplus assets Operating Revenues 41% Growth Source: City of Sydney Council (2004-2012)

  6. Transport & Infrastructure George Street Light Rail • 2km from Central to Circular Quay is relatively straight and flat • Basic cost circa $75m, plus repositioning of utilities and pipes and “terminals” • Private sector to build and run • With Council underwrite work could begin now and be done by 2015

  7. Transport & Infrastructure George Street Light Rail Positive Impacts • Remove 400 buses/hour at peak (many of them empty) and switch 200 buses to unserved routes in Western Sydney • Faster, safer movement of commuters and tourists • Productivity and environmental benefits • More pleasant streetscape with benefits for retail, locals and visitors

  8. Transport & Infrastructure George Street Light Rail Free Travel • Encourages use and prevents pricing anomalies for short-hop travel • Reduces fare collection costs and commuter inconvenience • Good for students and tourists too Congestion Reduction Charge • Peak time car charge at 6 entry points from East and North of the CBD • No charge from West until M4 and fast Parramatta rail link completed • 20-25% reduction in CBD congestion

  9. Urban Renewal & Environment 10 Strategic Sites as priorities

  10. Urban Renewal & Environment Supports the Global Centres of Excellence and improved Transport links ARTS – Arts Ribbon Train Station • Iconic artistic design • Centre of the Arts hub • Access to Barangaroo & Circular Quay Heritage Buildings • Better use of Education, Lands & Land Titles buildings • Asia brand 5-star hoteland 1st rate global education institution Wynyard Station • Bus turning circle as Northern terminus • Pedestrian plaza across George Street • Mixed-use residential and commercial Town Hall Square • Pedestrianized with views to Hyde Park • Bus turning circle as Eastern terminus • Thin residential tower, green square

  11. Urban Renewal & Environment Revitalise the City’s tourist hotspots and life improves for residents too Lower Oxford Street • Landscaped gateway to Hyde Park & the City at College St intersection • Light rail extension from City supports the Entertainment & Hospitality hub • More flexible “mixed zoning” to promote the area’s unique character Exhibition & Convention Centre • Design to include public car parking and bus interchange for commuters from the West • Support and encourage efforts to upgrade the site as quickly as possible Sydney Fish Market • Owned by the State but leased • No investment since the 1960s • Improve the area and renew efforts to upgrade to Busan/Tokyo style market

  12. Urban Renewal & Environment A vibrant City needs far more housing at transport hubs Central Station • Free George Street Light Rail to terminate at Railway Square plaza • Bus turning circle as Eastern terminus • Tall residential towers over rail tracks with public parking for commuters from South and South West Goulburn Street Car Park • Improve local traffic flows to offset CBD street parking in short-term • Redevelop as iconic residential tower block focused on green sustainability Green Square • Upgrade the station to encourage public transport between the City & airport • CSPC to promote faster planning and development of surrounding area

  13. Governance CSPC to be “one stop decision maker” for city planning and transport • Sydney has a poor track record on major projects – Light Rail, Metro, Green Square • Singapore began planning Marina Bay 2 years after Barangaroo but it’s already up and running, adding 0.8% pa. to GDP • Central Sydney Planning Committee (CSPC) to be upgraded with powers to implement the plans in this Report • The 7 members already represent both Council and NSW State Government Specific extension of CSPC scope: • Tenders to build and operate George St Light Rail, with Arts precinct extension • Implement consequential traffic changes to CBD • Run design competitions including “Citizen Juries” to give master approval for the 10 Strategic Sites • Final say over the City’s planning and transport decisions with authority to overrule NSW Govt Departments

  14. Global Centres of Excellence Clustering of 8 sectors in which the City can have global success █ Arts & Creative Industries █ Environmental & Other Technologies █ Finance & Professional Services █ Retail █ Hospitality & Entertainment █ Asian Food & Culture █ Education & Health █ Design & New Media

  15. A Vibrant and Competitive Sydney  Transport and Infrastructure • Free Light Rail • Fewer Buses • Lower Congestion Ten Strategic Sites • CSPC to drive process • Citizen Juries to make aesthetic judgements Global Centres of Excellence • Eight hubs to build upon • Clustering for success • Development Partnerships Capacity to invest • Integrated plan underwritten with strong Council balance sheet Global momentum • Shifting centre of gravity to our region Improve governance • Co-operation between State, Local (and Federal) governments • Upgraded Central Sydney Planning Committee

  16. Top 10 Recommendations Encourage candidates in the upcoming election and NSW Government to support: • Central Sydney Planning Committee to become “1 stop decision maker” • Begin iconic constructions on the 10 Strategic Sites during Council’s term • Underwrite funding for immediate start to George Street improvements with light rail, bike lanes and plazas • Make the necessary lane improvements to other CBD roads • George Street Light Rail to be free, funded by Congestion Reduction Charge at 6 city entry points • Turning circles at Wynyard, Central & Town Hall to eliminate CBD buses • Peak hour street parking in the CBD replaced by underground parking • CSPC supported by Citizen Juries and 60 day response time from Departments on Strategic Sites • Global Centres of Excellence strategy to focus on 8 business clusters • Freeze all rates during next Council term, allocating 5% of Business rates for Global Centres of Excellence

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